The Figure Above Shows Some Phillips Curves for an Economy

question 81

Multiple Choice

The figure above shows some Phillips curves for an economy.
-The short-run Phillips curve shifts when

• A)the actual inflation rate changes and also when the expected inflation rate changes.
• B)the inflation rate increases and also when the unemployment rate decreases.
• C)the expected unemployment rate changes and also when the expected inflation rate changes.
• D)the natural unemployment rate changes and also when the expected inflation rate changes.
• E)the actual unemployment rate changes and also when the expected unemployment rate changes.

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Definitions:

Disposable Thermometer

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The measure of the body's heat level, considered a vital sign important for assessing health and detecting various medical conditions.

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Difficult or labored breathing, often experienced as a feeling of breathlessness.

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