If the Expected Inflation Rate Rises, Then the Short-Run Phillips

question 89

Multiple Choice

If the expected inflation rate rises, then the short-run Phillips curve
_{--------------------}and the long-run Phillips curve_{--------------------} .

• A)does not shift; shifts
• B)might shift; shifts only if the short-run Phillips curve shifts
• C)does not shift; does not shift
• D)shifts; does not shift
• E)shifts; shifts

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