Author Question: If workers and firms raise their inflation expectations A) unemployment will fall. B) the ... (Read 103 times)

dejastew · **on:** Jun 29, 2018

If workers and firms raise their inflation expectations

A) unemployment will fall.
B) the short-run Phillips curve will be vertical.
C) actual inflation will fall to match expected inflation.
D) the short-run Phillips curve will shift upward.

Question 2

Financial markets and financial intermediaries comprise the financial system.

Indicate whether the statement is true or false