Consider the following Phillips curve diagram: 
For the case where the economy is at Point A, Point B, or Point C, explain:
(a) whether actual inflation is above or below expected inflation (What is each exactly?)
(b) the likely shift in the short-run Phillips curve
(c) the likely change in unemployment
Definitions:
Psychological Studies
Research in psychology that aims to understand human behavior and mental processes through scientific methods.
Operational Definition
A clear, detailed description of how variables in a study are measured or manipulated, allowing for replication and understanding of research findings.
Experimental Outcome
The observed results obtained from conducting an experiment, used to validate or refute a hypothesis.
Control Condition
In experimental research, it's the group that does not receive the experimental treatment, serving as a baseline to compare the effects of the treatment.
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