Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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