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.

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Definitions:

Generalize Recollections

The process of applying memories or learned experiences to new and broader contexts.

Specify

To state or describe something in detail or with precision.

Infantile Amnesia

The relative paucity of autobiographical memories dating from before about 3 years of age.

Autobiographical Memories

Refers to a person's memories of their own life events and experiences, including both significant milestones and everyday events.