Everywhere to the Right of the Long-Run Phillips Curve

Multiple Choice

Everywhere to the right of the long-run Phillips Curve

A) actual inflation is less than expected inflation and the expected inflation rate will be reduced.
B) actual inflation is less than expected inflation and the expected inflation rate will be raised.
C) actual inflation is greater than expected inflation and the expected inflation rate will be raised.
D) actual inflation is greater than expected inflation and the expected inflation rate will be reduced.