The Phillips Curve & Taxation Mcqs

Q.  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: See Answer
 
No explanation is available for this question!
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