Author Question: The short-run Phillips curve is drawn for a given expected inflation rate and so it shifts as ... (Read 109 times)

newbem · **on:** Jun 30, 2018

The short-run Phillips curve is drawn for a given expected inflation rate and so it shifts as inflation expectations change.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In its original form, the Phillips curve depicted a situation in which an economy could reduce its unemployment rate by holding the inflation rate steady.
a. True
b. False
Indicate whether the statement is true or false