Q
In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
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A
A. The long-run aggregate demand curve is horizontal at the natural rate of inflation
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B
B. The long run aggregate demand curve is vertical at potential gdp
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C
C. The long run aggregate demand curve is vertical at potential gdp
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D
D. The long run supply curve is horizontal at the natural rate of inflation
Correct Answer:
C. C. The long run aggregate demand curve is vertical at potential gdp
