The long−run Phillips curve is a ________ curve, and moving along the long−run Phillips curve an increase in the inflation rate is associated with ________ in the natural unemployment rate. A. horizontal; no change B. downward sloping; no change C. downward sloping; a decrease D. vertical; no change E. upward sloping; an increase

The long−run Phillips curve is a curve, and moving along the long−run Phillips curve an increase in the inflation rate is associated with in the natural unemployment rate. A....

The long−run Phillips curve is a ________ curve, and moving along the

long−run Phillips curve an increase in the inflation rate is associated with ________ in the natural unemployment rate.

horizontal; no change

downward sloping; no change

downward sloping; a decrease

vertical; no change

upward sloping; an increase

Jun 09, 2022