Q
An increase in expected inflation ?
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A
A. Shifts the short run phillips curve downward and the unemployment inflation trade-off is less favorable.
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B
B. Shifts the short-run phillips curve upward and the unemployment inflation trade-off is more favorable
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C
C. Shift the short-run phillips curve downward and the unemployment inflation trade-off is more favorable
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D
D. Shifts the short run phillips curve upward and the unemployment inflation trade-off is less favorable
Correct Answer:
D. D. Shifts the short run phillips curve upward and the unemployment inflation trade-off is less favorable
