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An increase in inflation expectations Phillips curve. A True B) False Phillips

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter35: The Short-Run Trade-off Between Inflation And Unemployment

Section: Chapter Questions

Problem 3QCMC

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An increase in inflation expectations shifts the short-run Phillips curve right and has no effect on the long-run
Phillips curve.
A True
B) False

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