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Author Question: If the Phillips curve is vertical in the long run, then (Read 16 times)

newbem

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on: Apr 19, 2019

Question 1

In the long run, the Phillips curve will be vertical at the natural rate of unemployment if


◦ the long-run aggregate demand curve is vertical at potential output.
◦ the long-run aggregate demand curve is horizontal at the natural rate of inflation.
◦ the long-run aggregate supply curve is vertical at potential output.
◦ the long-run supply curve is horizontal at the natural rate of inflation.

Question 2

If the Phillips curve is vertical in the long run, then


◦ there is a trade-off between inflation and unemployment in the long run.
◦ the inflation rate will always be zero in the long run.
◦ the unemployment rate will be zero in the long run.
◦ there is no trade-off between inflation and unemployment in the long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by newbem on Apr 19, 2019

frejo

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newbem

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Reply #2 on: Apr 19, 2019
Thanks


frejo

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Reply #3 on: Apr 19, 2019
Welcome :)


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