-An economy?s natural unemployment rate is 4 percent. The table above gives some points on the economy?s short-run Phillips curve. If the expected inflation rate becomes 8 percent per year, then the ___________
A) short-run Phillips curve shifts upward
B) short-run Phillips curve shifts downward
C) long-run Phillips curve shifts leftward
D) long-run Phillips curve shifts rightward
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Q192: Business cycle events that arise solely from
Q193: Q194: The long-run Phillips curve shows the relationship Q195: Q197: A decrease in the expected inflation rate Q198: A rise in the expected inflation rate Q199: The short-run Phillips curve shows the _relationship Q200: During the 1970s when both the unemployment Q201: Which theory assumes that business cycles occur Q339: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents