A decrease in expected inflation shifts
a. the long-run Phillips curve left.
b. the short-run Phillips curve left.
c. neither the short-run nor long-run Phillips curve left.
d. both the short-run and long-run Phillips curve left.
b
Economics
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________: a measure of the relative response of consumption of a good or service to changes in price
Fill in the blank(s) with correct word
Economics
In 2011, the percentage of the total U.S. population that lived in poverty was approximately:
A. 5 percent B. 10 percent C. 15 percent D. 20 percent
Economics