Multiple Choice
A decrease in the expected inflation rate shifts the short-run Phillips curve
A) downward and shifts the long-run Phillips curve leftward.
B) upward and shifts long-run Phillips curve rightward.
C) downward and creates a movement downward along the long-run Phillips curve.
D) upward and creates a movement upward along the long-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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