Multiple Choice
Disinflation would eventually cause
A) the short-run and the long-run Phillips curve to shift right.
B) the short-run and the long-run Phillips curve to shift left.
C) the short-run Phillips curve, but not the long-run Phillips curve, to shift right.
D) the short-run Phillips curve, but not the long-run Phillips curve, to shift left.
Correct Answer:
Verified
Correct Answer:
Verified
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