Compared to the 1970s, How Did the Canadian Short-Run Phillips

question 97

Multiple Choice

Compared to the 1970s, how did the Canadian short-run Phillips curve move in recent years and why?

• A) It has moved further right as inflation expectations have risen.
• B) It has moved further right as inflation expectations have fallen.
• C) It has moved further left as inflation expectations have risen.
• D) It has moved further left as inflation expectations have fallen.

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