Multiple Choice
If people anticipate higher inflation,but inflation remains the same then
A) the short-run Phillips curve would shift right and unemployment would rise.
B) the short-run Phillips curve would shift right and unemployment would fall.
C) the short-run Phillips curve would shift left and unemployment would rise.
D) the short-run Phillips curve would shift left and unemployment would fall.
Correct Answer:

Verified
Correct Answer:
Verified
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