As expected inflation increases,the short-run Phillips curve
A) shifts to the left.
B) becomes flatter.
C) becomes steeper.
D) stays the same.
E) shifts to the right.

Name: As expected inflation increases,the short-run Phillips curve A) shifts to the left. B) becomes flatter. C) becomes steeper. D) stays the same. E) shifts to the right.
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Question

Quizplus · Accepted Answer

As expected inflation increases, the short-run Phillips curve shifts to the right, indicating a higher rate of inflation for any given level of unemployment.

As Expected Inflation Increases,the Short-Run Phillips Curve