For a linear demand function, slope and the price elasticity of demand are equal

A supply shock jolts the economy from one Phillips curve to another

Indicate whether the statement is true or false

Figure 33-6 ? The long-run Phillips curve in Figure 33-6 (b) would include which of the following points?

A. g, e, m B. g, e, r C. j, e, r D. j, e, m