The short-run Phillips curve is downward sloping because
A) reducing the unemployment rate will reduce the inflation rate in the short run.
B) the expected inflation rate is zero in the short run.
C) in the long run,the expected inflation rate equals the actual inflation rate.
D) the economy always returns to full employment.
E) the unemployment rate can be above or below the natural unemployment rate.
Correct Answer:
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Q22: Q25: Q27: The short-run Phillips curve shows _ between Q29: In order to keep the real wage Q61: Hungry Jacks is paying $9 an hour Q63: Q65: In the long run,the inflation rate Q68: The lack of a long-run tradeoff between Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)is zero.
B)can
