Between July 2010 and July 2011,the Phillips curve data indicated that a rightward shift of the short-run Phillips curve may have begun.If so,this would indicate that
A) the Federal Reserve is attempting to lower the inflation rate.
B) the federal government has implemented a contractionary fiscal policy.
C) lower unemployment rates will now be accompanied by lower inflation rates.
D) workers and firms are expecting the inflation rate to increase.
Correct Answer:
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