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What Can Be Inferred from an Increase in Inflationary Expectations

Question 81

Multiple Choice

What can be inferred from an increase in inflationary expectations?  


A)  that unemployment is above the natural rate 
B)  that the economy is NOT on the long-run Phillips curve 
C)  that the short-run Phillips curve is shifting to the left 
D)  that output is below potential GDP

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