For a Given Expected Inflation Rate, the Higher the Unemployment

Multiple Choice

For a given expected inflation rate, the higher the unemployment rate, the lower is the actual inflation rate. This relationship is the ________ Phillips curve. When the expected inflation rate changes, this is shown as a movement along the ________ Phillips curve.

A) short-run; short-run
B) long-run; long-run
C) long-run; natural
D) natural; short-run
E) short-run; long-run