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1. |
An increase in expected inflation ? |
A. | shifts the short run Phillips curve downward and the unemployment inflation trade-off is less favorable. |
B. | shifts the short-run Phillips curve upward and the unemployment inflation trade-off is more favorable |
C. | Shift the short-run Phillips curve downward and the unemployment inflation trade-off is more favorable |
D. | Shifts the Short run Phillips curve upward and the unemployment inflation trade-off is less favorable |
Answer» E. | |