Lower Than Expected Inflation Rate

question 10

Multiple Choice

Lower than expected inflation rate:

• A)​shifts short-run Phillips curve to the right.
• B)​shifts short-run Phillips curve to the left.
• C)​shifts both short-run and long-run Phillips curve to the right.
• D)​shifts both short-run and long-run Phillips curve to the left.

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Definitions:

Basic Rights

Fundamental rights that are considered to be inherent and inalienable to every individual, often encompassing freedom, equality, and justice.

Economic Justice

The aim to create opportunities for every individual to have a fair stance in economic activities, distribution of resources, and wealth.

Competence

Refers to the ability, knowledge, and skill that an individual or organization possesses to effectively perform a specific job or task.