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The figure above shows some Phillips curves for an economy.
-In the figure above, the shift from the short-run Phillips curve SRPC₀ and the long-run Phillips curve LRPC₀ to the short-run Phillips curve SRPC₁ and the long-run Phillips curve LRPC₁ is the result of ________ in the expected inflation rate and ________ in the natural unemployment rate.
Deceit
The act of concealing or misrepresenting the truth to mislead others.
Environmental-mold Traits
Personality traits that are thought to be shaped primarily by external environmental factors, as opposed to being innate.
Social Environments
The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people that influence an individual's life.
Ability Traits
Ability traits are characteristics or features of individuals that refer to their capabilities or talents in various domains such as intelligence, creativity, or specific skills.
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