What is the Phillips curve?
Will the Phillips curve shift?
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What is the Phillips curve?
In the long run, the Phillips curve is a vertical line at the natural rate of unemployment. The natural rate of unemployment is. the unemployment rate that results when the economy produces the potential level of real GDP.
Will the Phillips curve shift?
the short-run Phillips curve will shift up.
What is the Phillips curve?
In the long run, the Phillips curve is a vertical line at the natural rate of unemployment. The natural rate of unemployment is. the unemployment rate that results when the economy produces the potential level of real GDP.
Will the Phillips curve shift?
the short-run Phillips curve will shift up.
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