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During the Mid-1990s,the Short-Run Phillips Curve Seems to Have Shifted

Question 33

Multiple Choice

During the mid-1990s,the short-run Phillips curve seems to have shifted downward and closer to the origin,providing evidence that suggests


A) increasing short-run unemployment rates.
B) a rising natural rate of unemployment.
C) lower expected rates of inflation.
D) declining rates of labor-force productivity.
E) a reduction in the size of the labor force.

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