If Inflationary Expectations Are Quite Sluggish (That Is, They Do

question 178

Multiple Choice

If inflationary expectations are quite sluggish (that is, they do not adapt quickly) , then the short-run Phillips curve will

• A)be vertical.
• B)be horizontal.
• C)slope downward.
• D)slope upward.

---

Definitions:

Reverses

To overturn or annul a decision or process.

Plurality Opinion

A judicial opinion that represents the reasoning of the largest number of judges, but less than a majority.

Remand Proceedings

The process by which a higher court sends a case back to a lower court for further action in accordance with the higher court's directive.

Case Brief

A summarized document that outlines the facts, issues, ruling, and reasoning of a particular judicial decision or court case.