If Inflation Expectations Decline,than the Short-Run Phillips Curve Shifts

question 187

Multiple Choice

If inflation expectations decline,than the short-run Phillips curve shifts

• A)left, meaning that at any given inflation rate unemployment will be lower in the short run than before.
• B)right, meaning that at any given inflation rate unemployment will be lower in the short run than before.
• C)right, meaning that at any given inflation rate unemployment will be higher in the short run than before.
• D)left, meaning that at any given inflation rate unemployment will be higher in the short run than before.

---

Definitions:

\(11 !\)

Denotes the factorial of 11, which is the product of all positive integers from 1 to 11, calculated as \(11! = 11 \times 10 \times 9 \times ... \times 1\).

\(6 ^ { n + 2 }\)

An exponential expression representing six raised to the power of n plus two, where n is any real number.

\(- 1\)

Represents a negative unit value in mathematics, often used to indicate the opposite or additive inverse of a positive value.

\(- 1\)

A numeric value that is one less than zero, often representing the inverse of a quantity.