The Long-Run Phillips Curve is vertical, suggesting that ________. A)
The Long-Run Phillips Curve is vertical, suggesting that ________.
A) allowing inflation to rise will not succeed in keeping unemployment low
B) changes in unemployment have no lasting impact on inflation
C) shifts of the short-run Phillips curve impact inflation, but have no effect on unemployment
D) all of the above
E) none of the above
ANSWER
A
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