The long-run Phillips curve shifts to the left or the right as expectations of inflation change.
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Q7: Asset inflation is when:
A)asset prices rise regardless
Q8: If expectations of inflation are greater than
Q9: Economists before the 1940s were most likely
Q10: Asset inflation:
A)is equal to goods inflation.
B)is the
Q11: It's difficult to measure asset inflation because
Q13: The prices of assets are included in
Q14: The usefulness of standard goods market price
Q15: Economists who accept the quantity theory of
Q16: Inflation redistributes income from people who do
Q17: Inflation has both benefits and costs.
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