When some people are better informed than others and the imbalance affects the choices they make, economists say there is

In the United States, the inflation rate since 1999 generally was

A) lower than between 1979 to 1981. B) higher than between 1979 to 1981. C) higher than in the 1980s. D) much higher than between 1985 to 1995. E) negative.

The shift of the short-run Phillips curve in the figure above is the result of

A) an increase in the natural unemployment rate. B) a decrease in the expected inflation rate. C) a decrease in the actual inflation rate. D) an increase in the expected inflation rate. E) a decrease in the natural unemployment rate.