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How Does a Decrease in the Expected Rate of Inflation

Question 82

Multiple Choice

How does a decrease in the expected rate of inflation shift the Phillips curves?


A) It shifts both the short-run and long-run Phillips curves to the right.
B) It shifts both the short-run and long-run Phillips curves to the left.
C) It shifts only the short-run Phillips curve to the right.
D) It shifts only the short-run Phillips curve to the left.

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