Which of the Following Leads to a Downward Shift in the Short-

question 299

Multiple Choice

Which of the following leads to a downward shift in the short- run Phillips curve?

• A) The long- run Phillips curve shifts rightward.
• B) Unexpected inflation increases.
• C) People expect the unemployment rate to increase.
• D) People expected inflation to be 5 percent last year and now expect inflation to be 3 percent this year.

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