MCQOPTIONS
Saved Bookmarks
| 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. | |