Suppose a central bank takes actions that will lead to a higher inflation rate.The public,however,is slow to adjust its expectation of inflation.Then,in the short run,unemployment
A) rises.As inflation expectations adjust,the short-run Phillips curve shifts right.
B) rises.As inflation expectations adjust,the short-run Phillips curve shifts left.
C) falls.As inflation expectations adjust,the short-run Phillips curve shifts right.
D) falls.As inflation expectations adjust,the short-run Phillips curve shifts left.
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