16) In the context of the Phillips Curve, what relationship does it primarily illustrate? A) The inverse relationship between inflation and unemployment B) The direct relationship between inflation and economic growth C) The relationship between government spending and fiscal policy D) The relationship between interest rates and monetary policy 17) According to what we learned in class, which of the following is true of long run equilibrium GDP and price level when aggregate demand shifts to the right? (Hint: Long run AS is not moving in this question). A) Long run equilibrium GDP increases, and the price level increases B) Long run equilibrium GDP increases and the price level is unchanged C) Long run equilibrium GDP is unchanged, and the price level is unchanged D) Long run equilibrium GDP is unchanged, and the price level increases