Multiple Choice
When workers expect more inflation than actually occurs:
A) the Phillips curve becomes vertical.
B) the long-run Phillips curve shifts to the right.
C) the short-run Phillips curve shifts to the left.
D) there will be a movement down the short-run Phillips curve.
E) there will be a movement up the short-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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