If the Public Correctly Perceives That the Central Bank Will

question 34

Multiple Choice

If the public correctly perceives that the central bank will reduce inflation,then

• A)the short-run Phillips curve shifts right,and the sacrifice ratio will be higher.
• B)the short-run Phillips curve shifts right,and the sacrifice ratio will be lower.
• C)the short-run Phillips curve shifts left,and the sacrifice ratio will be higher.
• D)the short-run Phillips curve shifts left,and the sacrifice ratio will be lower.

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