In response to an increase in the population and the labor force, we would expect
a. both the short run and long run Phillips curve to shift to the right.
b. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right.
c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right.
d. both the short run and long run Phillips curve to shift to the left.
e. none of the above.
Question 2
Long information lags, bad harvests, high degrees of government intervention in private affairs and other push-effects often decreased net migration in the U.S.
Indicate whether the statement is true or false
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