The short-run Phillips curve shifts when
A) the actual inflation rate changes and also when the expected inflation rate changes.
B) the inflation rate increases and also when the unemployment rate decreases.
C) the expected unemployment rate changes and also when the expected inflation rate changes.
D) the natural unemployment rate changes and also when the expected inflation rate changes.
E) the actual unemployment rate changes and also when the expected unemployment rate changes.
D
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Does an open market operation in which the Fed buys securities from the general public decrease or increase the banking system's reserves?
What will be an ideal response?
Refer to the figure. The optimal level of immigration in this country:
A. is Q 1 .
B. is Q 2 .
C. is Q 3 .
D. cannot be determined with the information given.