Some economists believe that in the long run, the unemployment ...

[student77]

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]

Answer to Question 1

True

Answer to Question 2

True