Multiple Choice
If people believe that the central bank is going to reduce inflation,then
A) the short-run Phillips curve shifts right and the sacrifice ratio will rise.
B) the short-run Phillips curve shifts right and the sacrifice ratio will fall.
C) the short-run Phillips curve shifts left and the sacrifice ratio will rise.
D) the short-run Phillips curve shifts left and the sacrifice ratio will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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