The long- run Phillips curve shows the relationship between
A) inflation and unemployment when expected inflation does not change.
B) the price level and real GDP in the long run.
C) inflation and unemployment when expected inflation equals the actual inflation.
D) the price level and unemployment in the long run.
Correct Answer:
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Q193: Q195: Q211: If both the unemployment rate and the Q212: If the natural unemployment rate increases, then Q213: During the 1970s when both the unemployment Q215: The short- run Phillips curve shows the Q218: An increase in the natural unemployment rate Q219: Consider the U.S. data for inflation and Q220: A change in the natural unemployment rate Q221: Which of the following is NOT an
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