An Increase in Expected Inflation

question 27

Multiple Choice

An increase in expected inflation

• A) shifts the short-run Phillips curve downward and the unemployment inflation trade-off is less favourable.
• B) shifts the short-run Phillips curve upward and the unemployment inflation trade-off is more favourable.
• C) shifts the short-run Phillips curve downward and the unemployment inflation trade-off is more favourable.
• D) shifts the short-run Phillips curve upward and the unemployment inflation trade-off is less favourable.

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