Multiple Choice
If inflation expectations decline,then the short-run Phillips curve shifts
A) left,so that at any inflation rate unemployment is lower in the short run than before.
B) right,so that at any inflation rate unemployment is lower in the short run than before.
C) right,so that at any inflation rate unemployment is higher in the short run than before.
D) left,so that at any inflation rate unemployment is higher in the short run than before.
Correct Answer:
Verified
Correct Answer:
Verified
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