In the long run,which of the following would shift the long-run Phillips curve to the right?
A)an increase in the minimum wage
B)an increase in government spending
C)an increase in the money supply
D)a decrease in the money supply

Question

Quizplus · Accepted Answer

An increase in the minimum wage can lead to higher structural unemployment, which can shift the long-run Phillips curve to the right, indicating a higher natural rate of unemployment.

In the Long Run,which of the Following Would Shift the Long-Run