When the natural unemployment rate increases,
A) both the long-run Phillips curve and the short-run Phillips curve shift leftward.
B) there are no shifts of either the long-run Phillips curve or the short-run Phillips curve.
C) both the long-run Phillips curve and the short-run Phillips curve shift rightward.
D) the long-run Phillips curve shifts leftward, and the short-run Phillips curve shifts rightward.
E) the long-run Phillips curve shifts rightward, and the short-run Phillips curve shifts leftward.
C
You might also like to view...
Refer to Scenario 1. Which of the following happens when Sheila Jones deposits the proceeds from the sale of her bond to the Fed into her checking account at the Perez Bank?
A) Perez Bank's checkable deposits increases by $100,000 and its reserves increases by $90,000. B) Perez Bank's checkable deposits and reserves increase by $100,000 each. C) Perez Bank's checkable deposits increases by $90,000 and its reserves increases by $100,000. D) Perez Bank's checkable deposits and reserves increase by $90,000 each.
The agency that restricts insider trading is the
A) Federal Reserve System. B) Securities and Exchange Commission. C) Office of the Comptroller of the Currency. D) Federal Deposit Insurance Corporation.