An Increase in Inflationary Expectations _____

Multiple Choice

An increase in inflationary expectations _____

A) shifts the short-run Phillips curve up and to the right, away from the origin.
B) shifts the short-run Phillips curve up and to the right, closer to the origin.
C) shifts the short-run Phillips curve up and to the left, away from the origin.
D) shifts the long-run Phillips curve up and to the right, away from the origin.
E) shifts the long-run Phillips curve up and to the right, closer to the origin.