How Does an Increase in the Expected Rate of Inflation

question 174

Multiple Choice

How does an increase in the expected rate of inflation shift the Phillips curves?

• A)It shifts only the short-run Phillips curve to the right.
• B)It shifts only the short-run Phillips curve to the left.
• C)It shifts both the short-run and long-run Phillips curves to the right.
• D)It shifts both the short-run and long-run Phillips curves to the left.

---

Definitions:

Social Media

Platforms and websites where users can create, share, or exchange information, ideas, pictures/videos in virtual communities and networks.

Horseback Riding

The skill or activity of riding a horse, used for sport, leisure, or transportation.

Robotic Process Automation

The technology that allows organizations to automate mundane, repetitive tasks with the help of software robots or 'bots'.

Internet of Things

A network of physical objects—devices, vehicles, appliances—embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.