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not sure of either answer The inflation rate is 3 percent a year, and the quantity of money is growing at a pace that will
not sure of either answer
The inflation rate is 3 percent a year, and the quantity of money is growing at a pace that will maintain the inflation rate at 3 percent a year. The natural unemployment rate is 4 percent, and the current unemployment rate is 3 percent In what direction will the unemployment rate change? How will the short-run Phillips curve and the long-run Phillips curve shift? The unemployment rate will O A. not change B. change only if the long-run Phillips curve shifts O c. increase O D. decrease The short-run Phillips curve will and the long-run Phillips curve will O A not shift, shift rightward OB. shift upward; shift leftward O c. shift upward; not shift D. not shift; not shift Step by Step Solution
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