- Because the Long-Run Phillips curve exists at the natural rate of unemployment( Un) structural changes in the economy that affect unemployment will also cause the LRPC to shift.
- Increase in the Natural Rate of Unemployment will shift LRPC to shift to the right
- Decrease in the Natural Rate of Unemployment will shift LRPC to shift to the left.
- X axis: Inflation rate
- Y axis Unemployment rate
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