When the expected rate of inflation increases, the Phillips curve

Name: When the expected rate of inflation increases, the Phillips curve
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According to the Phillips curve, there is an inverse relationship between unemployment and inflation. When the expected rate of inflation increases, workers and firms adjust their behavior accordingly, leading to higher wages and prices. This increases the level of inflation at any given level of unemployment, causing the Phillips curve to shift to the right.

When the Expected Rate of Inflation Increases, the Phillips Curve