Moving along a short- run Phillips curve,
A) the price level is constant.
B) the expected inflation rate is constant.
C) unemployment is constant.
D) the inflation rate is constant.

Name: Moving along a short- run Phillips curve, A) the price level is constant. B) the expected inflation rate is constant. C) unemployment is constant. D) the inflation rate is constant.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

In the short-run Phillips curve, the expected inflation rate is constant, while actual inflation and unemployment can vary.

Moving Along a Short- Run Phillips Curve