Compared to the 1970s, How Did the Canadian Short-Run Phillips

question 28

Multiple Choice

Compared to the 1970s, how did the Canadian short-run Phillips curve move in recent years and why?

• A)It has moved further right, as inflation expectations have risen.
• B)It has further right, as inflation expectations have fallen.
• C)It has further left, as inflation expectations have risen.
• D)It has further left, as inflation expectations have fallen.

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