If Expected Inflation Increases,which of the Following Shifts Right

question 111

Multiple Choice

If expected inflation increases,which of the following shifts right?

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

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The lowest legal salary that employers can pay their workers, intended to protect employees from unduly low pay.

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