Ceteris paribus, an increase in the current or actual rate of inflation will cause
A) the unemployment rate to decrease (a movement along the short-run Phillips curve).
B) the long-run Phillips curve to shift leftward.
C) expectations of future inflation rates to be revised downward.
D) the short-run Phillips curve to shift upward.
A
Economics
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A policy aimed at promoting the development of specific industries within a country that may increase domestic welfare through trade with the rest of the world is known as a(n):
A) infant-industry policy. B) key-industry policy. C) strategic trade policy. D) welfare-trade policy.
Economics
Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize?
A) 1/2 of a clock B) 2/3 of a clock C) 1.5 clocks D) 2 clocks
Economics