Multiple Choice
Compared to the 1970s, how did the Canadian short-run Phillips curve move in recent years and why?
A) It has moved further right, as inflation expectations have risen.
B) It has further right, as inflation expectations have fallen.
C) It has further left, as inflation expectations have risen.
D) It has further left, as inflation expectations have fallen.
Correct Answer:
Verified
Correct Answer:
Verified
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