Both the Long-Run and the Short-Run Phillips Curve Shift If

question 23

Multiple Choice

Both the long-run and the short-run Phillips curve shift if

• A) the expected inflation rate changes.
• B) expected real GDP changes.
• C) the expected unemployment rate changes.
• D) the natural unemployment rate changes.
• E) the actual inflation rate changes.

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Definitions:

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A legal dispute that has been escalated to the highest court in a country, especially referring to the Supreme Court in the United States, where decisions have wide-reaching implications.

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