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If aggregate demand decreases and expectations regarding inflation remain constant:

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If aggregate demand decreases and expectations regarding inflation remain constant:

If aggregate demand decreases and expectations regarding inflation remain constant:
A) the short-run Phillips curve shifts to the left.
B) the economy moves along the short-run Phillips curve.
C) the short-run Phillips curve shifts to the right.
D) the long-run Phillips curve shifts to the right.

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

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8 years ago

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