A Change in Expected Inflation Shifts

question 76

Multiple Choice

A change in expected inflation shifts

• A)the short-run Phillips curve, but not the long run Phillips curve.
• B)the long-run Phillips curve, but not the long run Phillips curve.
• C)neither the short-run nor the long-run Phillips curve.
• D)both the short-run and long-run Phillips curve right.

---

Definitions:

Northern Europeans

Peoples originating from the northern part of Europe, often referred to in discussions about immigration, culture, and demographic changes.

Suburbs

Residential areas situated on the outskirts of cities and towns, typically characterized by lower population density than urban centers but more than rural areas.

Central Cities

The core urban area of a metropolitan region, often containing the major economic, political, and cultural institutions of that region.

Annexed Outlying Areas

Territories that have been formally incorporated into a country or state but lie outside its primary geographical boundaries.