An Increase in the Expected Inflation Rate Will

question 235

Multiple Choice

An increase in the expected inflation rate will

• A)shift the short-run Phillips curve to the right.
• B)shift the short-run Phillips curve to the left.
• C)reduce the inflation rate.
• D)reduce the unemployment rate.

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Definitions:

Anal-expulsive

Referencing a personality trait associated with disorderliness and impulsivity, drawn from Freudian psychology, relating to early developmental stages.

Anal-retentive

Relates to a personality trait described by Freud as overly orderly, stingy, and obstinate, thought to originate from strict toilet training in early childhood.

Oedipal

Relating to the Oedipus complex, a theory in psychoanalytic psychology that describes a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.

Electra

A psychoanalytic theory originally suggested by Carl Jung, referring to a girl's psychosexual competition with her mother for possession of her father.