The Figure Above Shows Some Phillips Curves for an Economy

question 31

Multiple Choice

The figure above shows some Phillips curves for an economy.
-The short-run Phillips curve in the figure above shifts from SRPC₀ to SRPC₁ as a result of

• A) an increase in the natural unemployment rate.
• B) a fall in the expected inflation rate.
• C) a decrease in the natural unemployment rate.
• D) a rise in the expected inflation rate.
• E) None of the above answers is correct.

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