a stock is priced at $45 per share. the stock has earnings per share of $3 and a market capitalization rate of 14%. what is the
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Answer: Suggests that policies have little effect on the natural rate of unemployment in the long run.
Explanation:
The Long Run Phillips Curve as you can see in the graph attached is a VERTICAL straight line. It suggests that policies can change inflation but will not have much of an impact on the rate of Unemployment as Unemployment will be at it's Natural Rate.
