If workers and firms raise their inflation expectations
A) unemployment will fall.
B) the short-run Phillips curve will be vertical.
C) actual inflation will fall to match expected inflation.
D) the short-run Phillips curve will shift upward.
D
Economics
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Changes in government spending are not likely causes of business cycles because changes in government spending predict
A) countercyclical real wages. B) procyclical real wages. C) countercyclical employment. D) procyclical employment.
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Legal foundations of the European model are provided by common law
a. True b. False
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