The Phillips curve shifts because
A) private behavior adapts to monetary policy.
B) expected inflation changes.
C) the central bank attempts to exploit the Phillips curve.
D) all of the above.
Correct Answer:
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Q5: The idea that economic agents do not
Q6: The fact that private sector economic agents
Q7: A predominant view among Federal Reserve officials
Q8: If the Phillips curve aids in forecasting
Q9: In the Friedman-Lucas money surprise model
A) productivity
Q11: If the central bank cannot commit,then
A) the
Q12: In the Friedman-Lucas money surprise model
A) If
Q13: The Phillips curve shifts because
A) fiscal policy
Q14: A)W. Phillips' study of unemployment and inflation
Q15: In the Friedman-Lucas money surprise model,a surprise
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