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Author Question: When the expected inflation rate ________, the short-run Phillips curve ________. A) rises; ... (Read 100 times)

Yolanda

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on: Jun 29, 2018
When the expected inflation rate ________, the short-run Phillips curve ________.
 
  A) rises; shifts downward
  B) falls; shifts upward
  C) rises; shifts upward
  D) falls; does not shift
  E) rises; might shift upward or downward depending on how the long-run Phillips curve shifts

Question 2

Refer to Figure 7.1. If Angus chooses to earn the most money, he will receive a daily payoff of
 
  A) 100.
  B) 350.
  C) 550.
  D) 700.


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zogaridan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Yolanda

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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