A Decrease in the Expected Inflation Rate Shifts the Short-Run

question 359

Multiple Choice

A decrease in the expected inflation rate shifts the short-run Phillips curve

• A) downward and shifts the long-run Phillips curve leftward.
• B) upward and shifts long-run Phillips curve rightward.
• C) downward and creates a movement downward along the long-run Phillips curve.
• D) upward and creates a movement upward along the long-run Phillips curve.

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