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21 Apr 2020
An increase in expected inflation
a. shifts the short-run Phillips curve upward, and the unemployment-inflation trade-off is more favorable.
b. shifts the short-run Phillips curve downward, and the unemployment-inflation trade-off is more favorable.
c. shifts the short-run Phillips curve downward, and the unemployment-inflation trade-off is less favorable.
d. shifts the short-run Phillips curve upward, and the unemployment-inflation trade-off is less favorable.
An increase in expected inflation
a. shifts the short-run Phillips curve upward, and the unemployment-inflation trade-off is more favorable.
b. shifts the short-run Phillips curve downward, and the unemployment-inflation trade-off is more favorable.
c. shifts the short-run Phillips curve downward, and the unemployment-inflation trade-off is less favorable.
d. shifts the short-run Phillips curve upward, and the unemployment-inflation trade-off is less favorable.
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2 Jun 2021
