If changes in inflation are higher than expected
A) the short-run Phillips curve will be positively sloped,but not vertical.
B) the short-run Phillips curve will be negatively sloped.
C) the short-run Phillips curve will be vertical.
D) the long-run Phillips curve will be negatively sloped.
Correct Answer:
Verified
Q53: Growth in aggregate demand will
A)cause deflation.
B)increase unemployment.
C)move
Q54: In the long run,the Phillips curve is
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Q57: If the economy is producing at potential
Q59: The long-run aggregate supply curve is _,while
Q60: If actual inflation is greater than expected
Q61: If the rate of inflation in the
Q62: If strong aggregate demand is pushing the
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