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In the Late 1960s and Early 1970s, How Did the Short-Run

Question 197

Multiple Choice

In the late 1960s and early 1970s, how did the short-run Phillips curve shift?


A) It shifted right as inflation expectations rose.
B) It shifted right as inflation expectations fell.
C) It shifted left as inflation expectations rose.
D) It shifted left as inflation expectations fell.

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