-The shifts of the short-run and long-run Phillips curves in the figure above are the result of
A) a decrease in the natural unemployment rate.
B) an increase in the natural unemployment rate.
C) an increase in the actual inflation rate.
D) an increase in the expected inflation rate.
E) a decrease in the expected inflation rate.

Question

-The shifts of the short-run and long-run Phillips curves in the figure above are the result of
A) a decrease in the natural unemployment rate. 
B) an increase in the natural unemployment rate. 
C) an increase in the actual inflation rate. 
D) an increase in the expected inflation rate. 
E) a decrease in the expected inflation rate.

Quizplus · Accepted Answer

The Answer of 
-The shifts of the short-run and long-run Phillips curves in the figure above are the result of
A) a decrease in the natural unemployment rate. 
B) an increase in the natural unemployment rate. 
C) an increase in the actual inflation rate. 
D) an increase in the expected inflation rate. 
E) a decrease in the expected inflation rate.

-The Shifts of the Short-Run and Long-Run Phillips Curves in the Figure