Which of the following does the long-run Phillips curve tell us?

a. That output can be below potential in the long run
b. That the unemployment rate can take on any value in the long run
c. That output can be maintained above potential in the long run
d. That unemployment will return to the natural rate in the long run
e. That the inflation rate cannot rise above 10 percent in the long run

D

Economics

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The concept of ____________________is based on voluntary decisions made by producers.

Fill in the blank(s) with the appropriate word(s).

Economics

Game theory is most useful for analyzing

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

Economics