Along a Short- Run Phillips Curve, Suppose the Expected Inflation

question 130

Multiple Choice

Along a short- run Phillips curve, suppose the expected inflation rate is 6 per cent. If the inflation rate turns out to be 8 per cent instead,

• A)there is a movement downward along the short- run Phillips curve.
• B)there is a downward shift of the short- run Phillips curve.
• C)there is a movement upward along the short- run Phillips curve.
• D)None of the above answers is correct.

Identify and understand the fallacy of division.

Recognize when an appeal to emotion (pity) is irrelevant to an argument.

Understand the importance of precise language to avoid verbal disputes.

Identify and understand the fallacy of amphiboly.

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