A Decrease in the Expected Inflation Rate Leads To__________in the Long

question 44

Multiple Choice

A decrease in the expected inflation rate leads to__________in the long -run Phillips curve and__________ in the short-run Phillips curve.

• A) a leftward shift; an upward shift
• B) no shift; a downward shift
• C) no shift; no shift
• D) an upward shift; no shift

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Definitions:

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