According to the Phillips curve, short-term changes in inflation are due to changes in:
A) interest rates.
B) unemployment.
C) short-term output fluctuations.
D) long-term inflation.
E) long-term output.

Question

Quizplus · Accepted Answer

The Answer of According to the Phillips curve, short-term changes in inflation are due to changes in:
A) interest rates.
B) unemployment.
C) short-term output fluctuations.
D) long-term inflation.
E) long-term output.

According to the Phillips Curve, Short-Term Changes in Inflation Are