If the expected inflation rate rises, then the short-run Phillips curve ________ and the long-run Phillips curve ________
A) does not shift; shifts
B) does not shift; does not shift
C) shifts; does not shift
D) shifts; shifts
E) might shift; shifts only if the short-run Phillips curve shifts
C
Economics
You might also like to view...
What is the social interest? Distinguish it from self-interest. In your answer give an example of self-interest and an example of social interest
What will be an ideal response?
Economics
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. If the price of an ice cream cone is $2, Jason's income is
A. $75. B. $250. C. $300. D. indeterminate because the price of ice cream sandwiches is not given.
Economics