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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Definitions:

Nucleus

A membrane-bound organelle in eukaryotic cells that contains most of the cell's genetic material, organized as multiple long linear DNA molecules in complex with a large variety of proteins.

Golgi Body

An organelle within eukaryotic cells that modifies, sorts, and packages proteins and lipids for transport out of the cell.

Myelinated Neurons

Myelinated neurons are nerve cells covered with a fatty substance called myelin, which increases the speed at which electrical signals travel along the nerve fibers.

Transmit Signals

The process by which information is conveyed through an organism's body or via various electronic or mechanical systems.