If Inflation Expectations Decline,than the Short-Run Phillips Curve Shifts

question 34

Multiple Choice

If inflation expectations decline,than the short-run Phillips curve shifts

• A) left,so that at any inflation rate unemployment is lower in the short run than before.
• B) right,so that at any inflation rate unemployment is lower in the short run than before.
• C) right,so that at any inflation rate unemployment is higher in the short run than before.
• D) left,so that at any inflation rate unemployment is higher in the short run than before.

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