If a Central Bank Announced That It Was Going to Decrease

question 68

Multiple Choice

If a central bank announced that it was going to decrease inflation by 5%,people revised their inflation expectations downward by 4%,and the central bank only lowered inflation by 1%,the short run Phillips curve would shift

• A)right and unemployment would rise.
• B)right and unemployment would fall.
• C)left and unemployment would rise.
• D)left and unemployment would fall.

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Definitions:

Open-Ended Question

A type of question that cannot be answered with a simple "yes" or "no", but requires a more detailed, descriptive response.

Remedies

Anything that relieves or cures a disease.

Clinical Diagnosis

The process of identifying a disease or condition based on a patient's signs, symptoms, and medical history, without the immediate use of laboratory or imaging tests.