Between July 2010 and July 2011,the Phillips Curve Data Indicated

question 92

Multiple Choice

Between July 2010 and July 2011,the Phillips curve data indicated that a rightward shift of the short-run Phillips curve may have begun.If so,this would indicate that

• A) the Federal Reserve is attempting to lower the inflation rate.
• B) the federal government has implemented a contractionary fiscal policy.
• C) lower unemployment rates will now be accompanied by lower inflation rates.
• D) workers and firms are expecting the inflation rate to increase.

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