Solved

Which One of the Following Statements Is Not a True

Question 51

Multiple Choice

Which one of the following statements is not a true statement with regard to Phillips curve with inflation-unemployment trade-off?


A) Each Phillips curve assumes a given expected inflation.
B) Flatter the short-run aggregate supply curve, flatter is the given Phillips curve.
C) A higher expected inflation will cause an upward shift of the Phillips curve.
D) In the long-run, the Phillips curve is a vertical line. because expected inflation is zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents