A Decrease in Expected Inflation Shifts

question 46

Multiple Choice

A decrease in expected inflation shifts

• A)the long-run Phillips curve left.
• B)the short-run Phillips curve left.
• C)neither the short-run nor long-run Phillips curve left.
• D)both the short-run and long-run Phillips curve left.

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Definitions:

Egyptian Pylon

An Egyptian pylon is a monumental gateway to ancient Egyptian temples, consisting of two tapering massive towers joined by a less elevated doorway, often carved with hieroglyphics and religious imagery.

Marine Style

A distinctive style of Minoan pottery characterized by sea creatures, seaweed, and other marine motifs, predominantly found during the Late Minoan period.

Minoan Pottery

Ancient ceramic works produced by the Minoan civilization on Crete and other Aegean islands, noted for their complex patterns and vibrant colors.

Kamares Ware

A type of Minoan pottery from Crete, dating to the Middle Bronze Age, celebrated for its intricate, dark patterns on a light background.