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Author Question: An increase in inflationary expectations shifts the economy's short run Phillips curve to the left. (Read 96 times)

appyboo

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Question 1

If aggregate supply changes when aggregate demand is stable, then the Phillips curve is negatively sloped.


◦ true
◦ false

Question 2

An increase in inflationary expectations shifts the economy's short run Phillips curve to the left.


◦ true
◦ false


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Marked as best answer by appyboo on Apr 19, 2019

tjayeee

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