The shift of the short-run Phillips curve in the figure above is the result of

A) an increase in the natural unemployment rate.
B) a decrease in the expected inflation rate.
C) a decrease in the actual inflation rate.
D) an increase in the expected inflation rate.
E) a decrease in the natural unemployment rate.

B

Economics

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If Year 1 is the base year, the growth of real GDP is approximately

A) 100%. B) 109.5%. C) 137.5%. D) 148%.

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The Phillips curve relates the inflation rate to

a. the unemployment rate. b. GDP. c. disposable personal income. d. the interest rate.

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