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A policy change that changes the natural rate of unemployment changes:

a. both the long-run Phillips curve and the long-run aggregate supply curve.

b. the long-run aggregate supply curve, but not the long-run Phillips curve.

c. the long-run Phillips curve, but not the long-run aggregate supply curve.

d. neither the long-run Phillips curve nor the long-run aggregate supply curve.

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Alice Sejake
Alice SejakeLv10
9 Jan 2021

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