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