If the economy begins at its natural unemployment rate and the Fed surprises people by slowing the inflation rate more than expected, there is a
A) rightward shift of the long-run Phillips curve.
B) movement upward along the short-run Phillips curve.
C) leftward shift of the long-run Phillips curve.
D) movement downward along the short-run Phillips curve.
E) movement downward along the long-run Phillips curve.
Correct Answer:
Verified
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