If Expected Inflation Increases,which of the Following Shifts Right

question 111

Multiple Choice

If expected inflation increases,which of the following shifts right?

• A)both the short-run and the long-run Phillips curves
• B)the short-run but not the long-run Phillips curve
• C)the long-run but not the short-run Phillips curve
• D)neither the long-run nor the short-run Phillips curve

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Definitions:

Lifestyle Choices

Decisions individuals make about how to live and behave, including diet, exercise, leisure activities, and work, which can affect their health and well-being.

Physical Health

A state of well-being in which an individual realizes their own abilities, can cope with normal stresses of life, and is able to make a contribution to their community.

Type A

A personality type characterized by high levels of competitiveness, self-driven ambition, impatience, and urgency, often linked to stress and heart disease.

Type B

A personality type characterized by a more relaxed, less time-urgent, and less competitive approach to life compared to Type A.