An Increase in Expected Inflation

question 24

Multiple Choice

An increase in expected inflation:

• A)shifts the short-run Phillips curve to the left
• B)increases the unemployment rate along the Phillips curve
• C)decreases the unemployment rate along the Phillips curve
• D)shifts the short-run Phillips curve to the right

---

Definitions:

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to achieve a particular goal, such as increasing brand awareness or boosting sales.

Normal Good

A type of good for which demand increases as the consumer's income increases and decreases as the consumer's income decreases.

Temporary Weather Fluctuations

Short-term changes in weather patterns, which may impact various aspects of daily life and economic activities.

Car Transactions

Refers to the buying, selling, or trading of automobiles between parties.