How would a decrease in the natural rate of unemployment affect the long run Phillips curve?

How would a decrease in the natural rate of unemployment affect the long run Phillips curve? (1/1… 1 answer below »

How would a decrease in the natural rate of unemployment affect the long run Phillips curve? (1/1 Point) There would be a downward movement along a given long-run Phillips curve. It would shift the long-run Phillips curve right. It would shift the long-run Phillips curve left. There would be an upward movement along a given long-run Phillips curve.