The Natural Rate Hypothesis Concludes That the Inflation Rate Increases

question 73

Multiple Choice

The natural rate hypothesis concludes that the inflation rate increases, then in the short run there is

• A)a downward movement along the short-run Phillips curve.
• B)a downward shift of the short-run Phillips curve.
• C)an upward movement along the short-run Phillips curve.
• D)an upward shift of the short-run Phillips curve.
• E)no change at all in the short-run Phillips curve.

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