In the U.S.when inflation expectations changed during the 1967-1971 period,this change led to
A) an increase in the natural unemployment rate.
B) the long-run Phillips curve shifting rightward.
C) the short-run and the long-run Phillips curves both shifting upward.
D) the long-run Phillips curve shifting leftward.
E) the short-run Phillips curve shifting upward.
Correct Answer:
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