In the figure above, the shift from the short-run Phillips curve ...

[justinmsk]

In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC2 and the long-run Phillips curve LRPC2 is the result of ________ in the expected inflation rate and
 
  ________ in the natural unemployment rate.
  A) a decrease; a decrease
  B) an increase; an increase
  C) no change; a decrease
  D) an increase; no change
  E) a decrease; an increase

Question 2

The labor force participation rate is calculated as:
 
  A) (number of unemployed)  (labor force).
  B) (number of employed)  (adult population).
  C) (number of employed + number of unemployed)  (labor force).
  D) (labor force)  (adult population).

[dawsa925]

Answer to Question 1

C

Answer to Question 2

D

[justinmsk]

Thanks for the timely response, appreciate it

[yeungji]

Excellent