If expected inflation increases, which of the following shifts right?
a. both the short-run and the long-run Phillips curves
b. the short-run but not the long-run Phillips curve
c. the long-run but not the short-run Phillips curve
d. neither the long-run nor the short-run Phillips curve
b
Economics
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What will be an ideal response?
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a. 5 b. 10 c. 50 d. 87
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