An increase in inflationary expectations shifts the economy's short run Phillips curve to the left.

Name: An increase in inflationary expectations shifts the economy's short run Phillips curve to the left.
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An increase in inflationary expectations shifts the economy's short-run Phillips curve to the right, as workers and firms adjust their expectations upwards, leading to higher wage and price demands at every level of unemployment.

An Increase in Inflationary Expectations Shifts the Economy's Short Run