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Short-run Phillips Curve Use the following to answer questions : Short-run Phillips Curve   -(Exhibit: Short-Run Phillips Curve)  As the short-run Phillips curve shifts from A to B to C to D, policymakers face: A)  the same tradeoff between inflation and unemployment. B)  a lower rate of inflation for any level of unemployment. C)  a higher rate of inflation for any level of unemployment. D)  higher than expected inflation rates and lower unemployment rates.
-(Exhibit: Short-Run Phillips Curve) As the short-run Phillips curve shifts from A to B to C to D, policymakers face:


A) the same tradeoff between inflation and unemployment.
B) a lower rate of inflation for any level of unemployment.
C) a higher rate of inflation for any level of unemployment.
D) higher than expected inflation rates and lower unemployment rates.

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