If workers and firms lower their inflation expectations,
A) unemployment will rise.
B) the short-run Phillips curve will shift downward.
C) the short-run Phillips curve will be vertical.
D) actual inflation will fall to match expected inflation.
B
You might also like to view...
The U.S. financial system is a(n) __________ system
A) markets-oriented B) angel financing C) banking-oriented D) loan committee
Why did the slave-labor system probably cause a lag in Southern urban and industrial development?
(a) The slave system provided a weak market for goods because of the low income and consumption levels of slaves. (b) Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners. (c) The South's slave society culture was resistant to manufacturing and urbanization. (d) All of the above apply.