An increase in the expected inflation rate leads to ________ the short -run Phillips curve.
A. a movement upward along
B. a movement downward along
C. an upward shift of
D. a downward shift of
Answer:C
An increase in the expected inflation rate leads to ________ the short -run Phillips curve.
A. a movement upward along B. a movement downward along C. an upward shift of D. a downward shift of