Which of the following would cause the long-run Phillips curve (LRPC) to shift to the left? Select one: O a. A decrease in the natural rate of unemployment. o b. A decrease in expected inflation. O c. An increase in investment spending. o d. An increase in the natural rate of unemployment.

Which of the following would cause the long-run Phillips curve (LRPC) to shift to the left? Select one: O a. A decrease in the natural rate of unemployment. o b. A decrease in expected inflation. O c. An increase in investment spending. o d. An increase in the natural rate of unemployment.

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: The Short-Run Trade-off Between Inflation And Unemployment

Section: Chapter Questions

Problem 3PA

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Which of the following would cause the long-run Phillips curve (LRPC) to shift to the left?
Select one:
O a. A decrease in the natural rate of unemployment.
O b. A decrease in expected inflation.
O c. An increase in investment spending.
o d. An increase in the natural rate of unemployment.

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