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The Long-Run Phillips Curve Is Vertical at the Nonaccelerating Inflation

Question 131
Multiple Choice

The long-run Phillips curve is vertical at the nonaccelerating inflation rate of unemployment (NAIRU) because an unemployment rate _____ the NAIRU will lead to _____ inflation. A) below; ever-accelerating B) equal to; zero C) above; ever-accelerating D) below; ever-decelerating

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