The Short Run Phillips Curve

Multiple Choice

The short run Phillips curve

A) shows the trade off between the inflation rate and the unemployment rate and it shifts when the inflation rate changes.
B) shows that any inflation rate can co-exist with the natural unemployment rate.
C) shows the trade off between the inflation rate and the unemployment rate and it shifts when the expected inflation rate changes.
D) shows the relationship between the inflation rate and the expected inflation rate and it shifts when the natural unemployment rate changes.
E) shows the relationship between the inflation rate and the nominal interest rate and it shifts when the natural unemployment rate changes.