Ceteris Paribus,an Increase in the Current or Actual Rate of Inflation

question 92

Multiple Choice

Ceteris paribus,an increase in the current or actual rate of inflation will cause

• A)the short-run Phillips curve to shift upward.
• B)the unemployment rate to decrease (a movement along the short-run Phillips curve).
• C)the long-run Phillips curve to shift leftward.
• D)expectations of future inflation rates to be revised downward.

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Definitions:

Wrongs

Actions or conduct that are considered unjust, immoral, or harmful to others, often subject to legal remediation.

Redress

The remedy or compensation for a wrong or grievance.

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