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:

Miles Per Hour

A measure of speed indicating the number of miles traveled in one hour.

Elapsed

Elapsed refers to the amount of time that has passed since the beginning of an event or process.

Following Series

A sequence of numbers or items arranged according to a specific rule or pattern, with each element derived based on the preceding ones.

Miles Per Gallon

A measure of fuel economy that represents the number of miles a vehicle can travel on one gallon of fuel.