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Question
What happens to the Phillips curve when the expected rate of inflation rises?
A) The curve shifts to the right
B) The curve shifts to the left
C) The curve becomes horizontal
D) The Phillips curve is unaffected
Answer
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Related questions
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Which of the following statements is FALSE?
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.