McqMate
| Q. |
Assertion (A): Long-run Philips curve is a vertical line at the NAIRU Reason (R): Non-accelerating inflation raise of unemployment, more or less, stands accepted |
| A. | both (a) and (r) are false. |
| B. | both (a) and (r) are true, but (r) is not the correct reason. |
| C. | both (a) and (r) are true, and (r) is the explanation. |
| D. | (a) is true, (r) is false. |
| Answer» C. both (a) and (r) are true, and (r) is the explanation. | |
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