Higher than expected inflation rate: a. shifts short-run ...

[jparksx]

Higher than expected inflation rate:
 a. shifts short-run Phillips curve to the right.
 b. shifts long-run Phillips curve to the right.
 c. shifts both short-run and long-run Phillips curve to the right.
  d. shifts short-run Phillips curve to the left.

Question 2

If foreign firms send profits back to their industrial countries from the developing countries, developing countries will have a larger deficit on their balance of payments accounts.
 a. True
  b. False
  Indicate whether the statement is true or false

[janeli1]

Answer to Question 1

a

Answer to Question 2

True

[jparksx]

Thanks for the timely response, appreciate it

[billybob123]

YES! Correct, THANKS for helping me on my review