1. Which of the following could not cause a movement along the Phillips curve? &a. a change...

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1. Which of the following could not cause a movement along the Phillips curve?

&a. a change in inflation that is not expected by workers

&b.an unexpected increase in inflation that causes inventories to decline

&c. wage contracts that did not correctly anticipate the inflation rate

&d.an anticipated rise in nominal wages

&e. All of the above cause movements along the short-run Phillips curve.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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