An Increase in the Expected Inflation Rate

question 52

Multiple Choice

An increase in the expected inflation rate

• A)leads to a movement downward along the short-run Phillips curve.
• B)shifts the long-run Phillips curve upward.
• C)shifts the short-run Phillips curve upward.
• D)leads to a movement upward along the short-run Phillips curve.
• E)shifts the short-run Phillips curve downward.

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