Moving along the short-run Phillips curve, if_{--------------------}increases then _{--------------------} decreases. A)unemployment; the expected inflation rate B)inflation; real GDP C)inflation; unemployment D)unemployment; the price level E)inflation; the price level

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In the short-run Phillips curve, there is an inverse relationship between inflation and unemployment. As inflation increases, unemployment decreases, and vice versa.

Moving Along the Short-Run Phillips Curve, If--------------------increases Then -------------------- Decreases

Moving Along the Short-Run Phillips Curve, If_{--------------------}increases Then _{--------------------} Decreases