Along the long-run Phillips curve, the economy is at an ...

[Destiiny22]

Along the long-run Phillips curve, the economy is at an unemployment level that corresponds to an output level lower than the potential output level.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run Phillips curve is located at the natural rate of unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

[heinisk01]

Answer to Question 1

False

Answer to Question 2

True

[Destiiny22]

Excellent

[mohan]

Thanks for the timely response, appreciate it