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-When Inflation Expectations Changed During the 1967-1971 Period, This Change

Question 71

Multiple Choice

-When inflation expectations changed during the 1967-1971 period, this change led to A) the long-run Phillips curve shifting rightward. B) the short-run Phillips curve shifting upward. C) an increase in the natural unemployment rate. D) the short-run and the long-run Phillips curve both shifting upward. E) the long-run Phillips curve shifting leftward.
-When inflation expectations changed during the 1967-1971 period, this change led to


A) the long-run Phillips curve shifting rightward.
B) the short-run Phillips curve shifting upward.
C) an increase in the natural unemployment rate.
D) the short-run and the long-run Phillips curve both shifting upward.
E) the long-run Phillips curve shifting leftward.

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