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Which of the Following Leads to an Rightward Shift in the Short-Run

Question 68

Multiple Choice

Which of the following leads to an rightward shift in the short-run Phillips curve?
I. a reduction in inflationary expectations.
II. an increase in the natural rate of unemployment.
III. an increase in the velocity of circulation


A) II only
B) I only
C) I and II
D) I and III

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