Author Question: If inflationary expectations decrease, the Phillips curve will (Read 23 times)

roselinechinyere27m · **on:** Apr 19, 2019

Question 1

If the
AS curve shifts from year to year, but the
AD curve does not, then the Phillips curve would show

◦ a positive relationship between the inflation and unemployment rates.
◦ a negative relationship between the inflation and unemployment rates.
◦ no particular relationship between the inflation and unemployment rates.
◦ a constant trade-off between the inflation and unemployment rates.

Question 2

If inflationary expectations decrease, the Phillips curve will

◦ shift to the right.
◦ shift to the left.
◦ become vertical.
◦ become upward sloping.

peilian · **Reply #1 on:** Apr 19, 2019

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