Author Question: Higher than expected inflation rate: a. shifts short-run Phillips curve to the right. b. shifts ... (Read 178 times)

jparksx · **on:** Jun 30, 2018

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