If the Short-Run Phillips Curve Shifts to the Right, We

question 70

Multiple Choice

If the short-run Phillips curve shifts to the right, we can conclude that

• A) the tradeoff between inflation and unemployment worsens over time.
• B) the tradeoff between inflation and unemployment improves over time.
• C) higher inflation rates are associated with any given level of unemployment.
• D) the tradeoff between inflation and unemployment remains unchanged.
• E) the unemployment rate rises for any given inflation rate.

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