In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC1 and the long-run Phillips curve LRPC1 is the result of ________ in the expected inflation rate and
________ in the natural unemployment rate.
A) a decrease; no change
B) no change; an increase
C) an increase; an increase
D) an increase; no change
E) a decrease; a decrease
B
Economics
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