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Author Question: Some economists believe that in the long run, the unemployment rate is independent of the inflation ... (Read 120 times)

student77

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  • Posts: 567
on: Jun 30, 2018
Some economists believe that in the long run, the unemployment rate is independent of the inflation rate and so the Phillips curve becomes a vertical line.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run Phillips curve suggests that changing the rate of unemployment in the economy has no impact on the inflation rate.
 a. True
  b. False
  Indicate whether the statement is true or false


lkanara2

  • Sr. Member
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  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


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