If expected inflation increases, the short-run Phillips curve will shift to the left so that inflation will be higher at any given unemployment rate.

Name: If expected inflation increases, the short-run Phillips curve will shift to the left so that inflation will be higher at any given unemployment rate.
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Question

​If expected inflation increases, the short-run Phillips curve will shift to the left so that inflation will be higher at any given unemployment rate.

Quizplus · Accepted Answer

If expected inflation increases, the short-run Phillips curve shifts to the right, indicating that for any given level of unemployment, the inflation rate will be higher.

​If Expected Inflation Increases, the Short-Run Phillips Curve Will Shift

If Expected Inflation Increases, the Short-Run Phillips Curve Will Shift