An Increase in the Expected Inflation Rate Shifts

question 78

Multiple Choice

An increase in the expected inflation rate shifts

• A)both the short- run and the long- run Phillips curves upward.
• B)neither the short- run nor the long- run Phillips curve.
• C)the short- run but not the long- run Phillips curve upward.
• D)the long- run but not the short- run Phillips curve upward.

---

Definitions:

Cash-Out Combination

A financial strategy involving the refinance of a mortgage by taking out a loan that is larger than the existing one, providing the borrower with cash from the equity built up in the property.

Fairness

implies impartial and just treatment or behavior without favoritism or discrimination.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across U.S. states.

Inventory

The complete list of items such as goods, materials, and merchandise that a business holds with the intent to sell.