If the expected inflation rate changes, the long-run Phillips ...

[Deast7027]

If the expected inflation rate changes, the long-run Phillips curve ________, and the short-run Phillips curve ________.
 
  A) shifts rightward; shifts upward
  B) does not shift; shifts upward
  C) shifts rightward; shifts downward
  D) shifts rightward; does not shift
  E) does not shift; does not shift

Question 2

A situation in which a single individual can provide a private good is known as the volunteer's dilemma.
 
  Indicate whether the statement is true or false

[zenzy]

Answer to Question 1

B

Answer to Question 2

FALSE