An increase in inflationary expectations shifts the economy's Phillips curve to the left.
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Q135: The Phillips curve shows a relationship between
Q136: Increases in aggregate supply, with no change
Q137: The Phillips curve continues to be used
Q138: The Phillips curve demonstrates a robust and
Q139: In the long run, if input prices
Q141: If an economy were on the steep
Q142: The theory of adaptive expectations suggests that
Q143: Phillips loops are likely to become 'taller'
Q144: The natural rate of unemployment is composed
Q145: When expectations are rational and there are
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