If inflationary expectations increase, the Phillips curve will A) become upward sloping B) shift to the right C) become vertical D) shift to the left
If inflationary expectations increase, the Phillips curve will A) become upward sloping B) shift to the right C) become vertical D) shift to the left
Chapter27: The Philips Curve And Expetactions Theory
Section: Chapter Questions
Problem 10SQ
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Question
If inflationary expectations increase, the Phillips curve will
A) become upward sloping
B) shift to the right
C) become vertical
D) shift to the left
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