Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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35.

The existence of a natural rate of unemployment suggests that :

A: There is no inflation – unemployment trade off in the long run
B: Increased likelihood of demand pull inflation
C: A decrease in the rate of unemployment
D: The short run Phillips curve is sleeper than the long sun Philips curve

The answer is: A

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