Answer to Question #42608 in Macroeconomics for Rachel
if the unemployment insurance is increase, the long run phillips curve will shift leftwards. do you agree
If the unemployment insurance increases, the unemployment will decrease in the long run, because less firm will fire their workers not to pay insurance compensation, so the long run Phillips curve will shift leftwards, as the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy.
There are certain things that people in the business world frown upon. Things like lows in the economy, housing crisis,…
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