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-An Economy's Natural Unemployment Rate Is 4 Percent

Question 214

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-An economy's natural unemployment rate is 4 percent. The table above gives some points on the economy's short-run Phillips curve. If the expected inflation rate becomes 8 percent per year, then the A) short-run Phillips curve shifts upward. B) long-run Phillips curve shifts rightward. C) long-run Phillips curve shifts leftward. D) short-run Phillips curve shifts downward.
-An economy's natural unemployment rate is 4 percent. The table above gives some points on the economy's short-run Phillips curve. If the expected inflation rate becomes 8 percent per year, then the


A) short-run Phillips curve shifts upward.
B) long-run Phillips curve shifts rightward.
C) long-run Phillips curve shifts leftward.
D) short-run Phillips curve shifts downward.

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