The short-run Phillips curve will not shift unless there is
A) an increase in the unemployment rate.
B) an increase in inflation that is unanticipated.
C) a decrease in inflation that is unanticipated.
D) a change in inflation expectations.
E) a change in cyclical unemployment.
Correct Answer:
Verified
Q120: What actions could the Bank of Canada
Q121: Figure 13.4 Q122: The short-run Phillips curve is _ than Q123: If expected inflation falls, the long-run Phillips Q126: When unemployment is above its natural rate, Q127: If the long-run aggregate supply curve is Q128: A decrease in aggregate demand will Q129: If strong aggregate demand is pushing the Q129: An increase in the level of structural Q130: An increase in expected inflation will shift
A)cause inflation.
B)decrease
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