Multiple Choice
An increase in expected inflation will shift
A) both the short-run and the long-run Phillips curves to the right.
B) only the short-run Phillips curve to the right.
C) only the long-run Phillips curve to the right.
D) the short-run Phillips curve to the right and increase the slope of the long-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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