The figure above shows some Phillips curves for an economy.
-In the figure above, the shift from the short-run Phillips curve SRPC₀ and the long-run Phillips curve LRPC₀ to the short-run Phillips curve SRPC₂ and the long-run Phillips curve LRPC₂ is the result of ________ in the expected inflation rate and ________ in the natural unemployment rate.

Question

The figure above shows some Phillips curves for an economy. -In the figure above, the shift from the short-run Phillips curve SRPC<sub>0</sub> and the long-run Phillips curve LRPC<sub>0</sub> to the short-run Phillips curve SRPC<sub>2</sub> and the long-run Phillips curve LRPC<sub>2</sub> is the result of ________ in the expected inflation rate and ________ in the natural unemployment rate. A) a decrease; a decrease B) a decrease; an increase C) no change; a decrease D) an increase; no change E) an increase; an increase

Quizplus · Accepted Answer

The Answer of The figure above shows some Phillips curves for an economy. -In the figure above, the shift from the short-run Phillips curve SRPC₀ and the long-run Phillips curve LRPC₀ to the short-run Phillips curve SRPC₂ and the long-run Phillips curve LRPC₂ is the result of ________ in the expected inflation rate and ________ in the natural unemployment rate. A) a decrease; a decrease B) a decrease; an increase C) no change; a decrease D) an increase; no change E) an increase; an increase

The Figure Above Shows Some Phillips Curves for an Economy