An Increase in Expected Inflation Will Shift the Short-Run Phillips

question 139

True/False

An increase in expected inflation will shift the short-run Phillips Curve.

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Definitions:

Carbanion

A negatively charged ion (anion) that contains a carbon atom bearing three bonds and one lone pair of electrons, making it very reactive.

Reactive Intermediate

A short-lived species formed during the course of a chemical reaction which cannot be isolated under normal conditions.

H+

The proton, often representing an acid in chemistry, capable of forming hydronium ions (H3O+) in solution.

Reactive Intermediate

Highly reactive species formed transiently in the course of a chemical reaction.