Answer to Question #42608 in Macroeconomics for Rachel
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.
So, this statement is true.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!