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According to the Expectations-Augmented Phillips Curve Model,a(n)___________ Revision of the Public's

Question 58

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According to the expectations-augmented Phillips curve model,a(n) ___________ revision of the public's expectations of inflation will result in a(n) ___________ shift in the ___________ Phillips curve.


A) upward;upward;long-run
B) upward;upward;short-run
C) downward;upward;short-run
D) upward;downward;short-run
E) upward;downward;long-run

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