The long-run Phillips curve shows the relationship between
A) the inflation rate and the unemployment rate.
B) real GDP and potential GDP.
C) the nominal interest rate and real interest rate.
D) the inflation rate and the natural unemployment rate.
E) real GDP and the natural unemployment rate.
Correct Answer:
Verified
Q56: When the aggregate demand curve shifts,
A) the
Q57: When a movement up along the aggregate
Q58: In the short run, a decrease in
Q59: The short-run Phillips curve is
A) vertical at
Q60: If aggregate demand decreases, the
A) short-run Phillips
Q62: The long-run Phillips curve is a
A) horizontal
Q63: The long-run Phillips curve shows the relationship
Q64: The long-run Phillips curve applies when the
Q65: At full employment,
A) real GDP exceeds potential
Q66: The long-run Phillips curve is a vertical
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