[Solved] If Changes in Inflation Are Higher Than Expected

Question 62
Multiple Choice
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If changes in inflation are higher than expected,

A)the short-run Phillips curve will be positively sloped, but not vertical.
B)the short-run Phillips curve will be negatively sloped.
C)the short-run Phillips curve will be vertical.
D)the long-run Phillips curve will be negative sloped.
E)the short-run Phillips curve will be horizontal.


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