Refer to the diagram. Point b would not be permanent because the:
A. economy would move from b to a on PC 1 .
B. short-run Phillips Curve would shift from PC 1 to PC 2 and unemployment would increase to the natural rate at c.
C. economy would immediately move from b to c to d.
D. economy would move from b directly to d.
B. short-run Phillips Curve would shift from PC 1 to PC 2 and unemployment would increase to the natural rate at c.
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