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If the expected inflation rate increases and the natural rate of unemployment remains​ constant, then​ _______.A. the​ long-run Phillips curve shifts rightward and the​ short-run Phillips curve shifts rightward.B. neither the​ long-run Phillips curve nor the​ short-run Phillips curve shifts.C. the​ short-run Phillips curve shifts upward and the​ long-run Phillips curve does not shift.D. the​ long-run Phillips curve shifts rightward and the​ short-run Phillips curve does not shift.

User Clh
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Answer:

C. The​ short-run Phillips curve shifts upward and the​ long-run Phillips curve does not shift.

User Furkle
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