The long-run Phillips curve applies when the economy is at full employment, so the long-run Phillips curve is
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.
E) unnecessary.
C
Economics
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Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
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