Which Curve Does an Increase in Expected Inflation Shift

question 13

Multiple Choice

Which curve does an increase in expected inflation shift?

• A)only the long-run Phillips curve
• B)only the short-run Phillips curve
• C)neither the short-run nor long-run Phillips curve
• D)both the short-run and long-run Phillips curve

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Definitions:

Public Opinion Polling

The process of surveying public opinion from a particular sample, used to infer the opinion or attitude of the population.

George Gallup

A pioneering American pollster and the founder of Gallup, Inc., known for developing modern survey techniques to gauge public opinion.

Literary Digest

A general interest magazine published in the United States in the first half of the 20th century, known for its failed prediction of the 1936 presidential election.

Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for collecting and analyzing data about the American people and economy.