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vellojo vellojo
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Posts: 2982
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7 years ago
Along a short-run Phillips curve, suppose the expected inflation rate is 6 percent. If the inflation rate turns out to be 8 percent instead,
A) there is a downward shift of the curve.
B) there is a movement downward along the curve.
C) there is a movement upward along the curve.
D) the difference in the inflation rate does not affect the Phillips curve.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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Posts: 1046
7 years ago
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vellojo Author
wrote...
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
wrote...
7 years ago
Welcome Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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