1. The long-run Phillips Curve (LRPC) is a mirror image of the

A) AD curve.
B) SRAS curve.
C) LRAS curve.
D) PL curve.
E) RGDP curve.

2. The long-run Phillips Curve (LRPC) indicates there is

A) a trade off between inflation and unemployment.
B) a trade off between inflation and employment.
C) no trade off between unemployment and inflation.
D) a trade off between RGDP and PL.
E) no trade off between PL and RGDP.

3. If the LRAS curve shifts to the right, then what will happen to the LRPC?

A) a shift in LRPC to the right
B) a shift in the LRPC to the left
C) moving up along the LRPC
D) moving down along the LRPC
E) moving down the LRPC and shifting the LRPC to the right