An increase in the natural unemployment rate shifts
A. both the short-run and the long-run Phillips curves rightward.
B. the short-run but not the long-run Phillips curve rightward.
C. the long-run but not the short-run Phillips curve rightward.
D. neither the short-run nor the long-run Phillips curve.
Answer:A
An increase in the natural unemployment rate shifts
A. both the short-run and the long-run Phillips curves rightward. B. the short-run but not the long-run Phillips curve rightward. C. the long-run but not the short-run Phillips curve rightward. D. neither the short-run nor the long-run Phillips curve.