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If an economy is in long-run equilibrium, then which of the following is true for the economy's Phillips curve model? O The short-run Phillips curve
If an economy is in long-run equilibrium, then which of the following is true for the economy's Phillips curve model? O The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is equal to the natural rate. O The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is equal to the natural rate. The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is more than the natural rate. O The short-run Phillips curve does not intersect the long-run Phillips curve, and the actual unemployment is less than the natural rate. O The short-run Phillips curve intersects the long-run Phillips curve, and the actual unemployment is less than the natural rate
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