In a Story from HYPERLINK "Http://www

In a story from HYPERLINK "http://www.ft.com/" www.ft.com (1/31/2005) describing Ireland's transformation to a prosperous economy it was noted that "Ireland's story is unique: a small, English- speaking, non- industrialised country on the edge of Europe was able to secure structural funds from the EU, cut taxes, deregulate than its neighbours and attract lots of foreign companies in the process."
If the natural rate of unemployment in Ireland decreased as a result of these policies, there would be

A) leftward shift in the long- run Phillips curve.
B) leftward shift in the short- run Phillips curve.
C) rightward shift in the short- run Phillips curve.
D) rightward shift in the long- run Phillips curve.

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