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Compared to the 1970s, How Did the Canadian Short-Run Phillips

Question 97

Multiple Choice

Compared to the 1970s, how did the Canadian short-run Phillips curve move in recent years and why?


A) It has moved further right as inflation expectations have risen.
B) It has moved further right as inflation expectations have fallen.
C) It has moved further left as inflation expectations have risen.
D) It has moved further left as inflation expectations have fallen.

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