If his countryʹs plan works and the expected inflation rate does not change, there will be a
A. movement up along the short-run Phillips curve.
B. movement down along the short-run Phillips curve.
C. rightward shift of the long-run Phillips curve.
D. leftward shift of the long-run Phillips curve.
Answer:A
If his countryʹs plan works and the expected inflation rate does not change, there will be a
A. movement up along the short-run Phillips curve. B. movement down along the short-run Phillips curve. C. rightward shift of the long-run Phillips curve. D. leftward shift of the long-run Phillips curve.