When the Expected Inflation Rate_{--------------------}, the Short-Run Phillips Curve_{--------------------}

question 102

Multiple Choice

When the expected inflation rate_{--------------------}, the short-run Phillips curve_{--------------------}

• A)rises; shifts upward
• B)rises; shifts downward
• C)falls; shifts upward
• D)falls; does not shift
• E)rises; might shift upward or downward depending on how the long-run Phillips curve shifts

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