An increase in the expected inflation rate shifts the
A. short-run Phillips curve downward.
B. short-run Phillips curve upward.
C. long-run Phillips curve upward.
D. long-run Phillips curve downward.
Answer:B
An increase in the expected inflation rate shifts the
A. short-run Phillips curve downward. B. short-run Phillips curve upward. C. long-run Phillips curve upward. D. long-run Phillips curve downward.