Refer to the graph shown. The shift in the short-run Phillips curve shown is most likely to be caused by:
A)a decrease in expected inflation.
B)an increase in expected inflation.
C)a decrease in labor productivity.
D)an increase in labor productivity.

Question

Refer to the graph shown. The shift in the short-run Phillips curve shown is most likely to be caused by: 
A)a decrease in expected inflation. 
B)an increase in expected inflation. 
C)a decrease in labor productivity. 
D)an increase in labor productivity.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. The shift in the short-run Phillips curve shown is most likely to be caused by: 
A)a decrease in expected inflation. 
B)an increase in expected inflation. 
C)a decrease in labor productivity. 
D)an increase in labor productivity.

Refer to the Graph Shown