When workers expect 6% inflation, and the inflation rate falls to 3%,
A) there is a movement to a lower Phillips curve.
B) there is a movement to a higher Phillips curve.
C) there is a movement along the Phillips curve to the right.
D) there is a movement along the Phillips curve to the left.
E) inventories will fall.

Question

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The Answer of When workers expect 6% inflation, and the inflation rate falls to 3%,
A) there is a movement to a lower Phillips curve.
B) there is a movement to a higher Phillips curve.
C) there is a movement along the Phillips curve to the right.
D) there is a movement along the Phillips curve to the left.
E) inventories will fall.

When Workers Expect 6% Inflation, and the Inflation Rate Falls