If the Expected Inflation Rate Changes, the Long-Run Phillips Curve_{--------------------}and

question 106

Multiple Choice

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

• A)does not shift; does not shift
• B)does not shift; shifts upward
• C)shifts rightward; does not shift
• D)shifts rightward; shifts upward
• E)shifts rightward; shifts downward

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