A decrease in the natural unemployment rate _______ A. Shifts both the short-run and the long-run Phillips

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A decrease in the natural unemployment rate _______

A. Shifts both the short-run and the long-run Phillips curves leftward

B. Shifts the short-run Phillips curve leftward but the long-run Phillips curve does not change

C. Creates a movement along the short-run Phillips curve

D. Increases the expected inflation rate and shifts the short-run Phillips curve upward

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 08:57 AM

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A decrease in the natural unemployment rate _______ A. Shifts both the short-run and the long-run Phillips

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Foundations of Macroeconomics

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