A decrease in the expected inflation rate will cause the short-run Phillips curve to shift up shift down not change If structural unemployment decreases, then the long-run Phillips curve will stay where it is shift to the left shift to the

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A: Phillips curve shows an inverse relationship between inflation rate and unemployment rate. It…

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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