An Increase in Inflation Expectations Shifts the Short-Run Phillips Curve

question 145

True/False

An increase in inflation expectations shifts the short-run Phillips curve right and has no effect on the long-run Phillips curve.

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Definitions:

Southeast Asia

Southeast Asia is a geographical region located to the east of the Indian Subcontinent and south of China, known for its diverse cultures, languages, and histories.

French Colonialism

The period of expansion, conquest, and administration by France over various territories across the globe, notably in Africa and Southeast Asia.

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the United States gave over $12 billion (nearly $100 billion in 2020 dollars) in economic assistance to help rebuild Western European economies after the end of World War II.