Multiple Choice
The figure above shows some Phillips curves for an economy.
-The short-run Phillips curve in the figure above shifts from SRPC0 to SRPC1 as a result of
A) an increase in the natural unemployment rate.
B) a fall in the expected inflation rate.
C) a decrease in the natural unemployment rate.
D) a rise in the expected inflation rate.
E) None of the above answers is correct.
Correct Answer:
Verified
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