An Increase in the Expected Rate of Inflation Would

question 82

Multiple Choice

An increase in the expected rate of inflation would

• A)shift the Phillips curve upward.
• B)shift the Phillips curve downward.
• C)shift the long-run Phillips curve to the right.
• D)shift the long-run Phillips curve to the left.

---

Definitions:

Guarantor

An individual or entity that agrees to be responsible for another's debt or obligations in case of default.

Obligee

In contract law, the party to whom another party owes an obligation.

Specially Manufactured Goods

Products that are custom-made to a buyer's specifications, often not suitable for sale to others.

Oral

relates to spoken rather than written communication, often used in contexts such as contracts, agreements, or testimonies.