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: Shifts the Short run Phillips curve upward and the unemployment inflation trade-off is less favorable
Answer & Explanation
No explanation is available for this question!