The Shift of the Short-Run Phillips Curve in the Figure

question 123

Multiple Choice

The shift of the short-run Phillips curve in the figure above is the result of

• A)an increase in the expected inflation rate.
• B)an increase in the natural unemployment rate.
• C)a decrease in the actual inflation rate.
• D)a decrease in the natural unemployment rate.
• E)a decrease in the expected inflation rate.

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