Figures
The figure above shows some Phillips curves for an economy.
-The short-run Phillips curve shifts from SRPC₀ to SRPC₁ as a result of
A) an increase in the natural unemployment rate.
B) a decrease in the natural unemployment rate.
C) a fall in the expected inflation rate.
D) a fall in the expected inflation rate
E) None of the above answers are correct.
Correct Answer:
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