Movements upward along the short-run Phillips curve result from
A. expected increases in the inflation rate.
B. unexpected increases in the inflation rate.
C. expected decreases in the inflation rate.
D. unexpected decreases in the inflation rate.
Answer:B
Movements upward along the short-run Phillips curve result from
A. expected increases in the inflation rate. B. unexpected increases in the inflation rate. C. expected decreases in the inflation rate. D. unexpected decreases in the inflation rate.