The short-run Phillips curve shows that, other things remaining the same, ________. A. An increase in expected

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The short-run Phillips curve shows that, other things remaining the same, ________. 

A. An increase in expected inflation will lower the unemployment rate 

B. A fall in unemployment will lower the inflation rate 

C. The inflation rate rises by 1 percent when unemployment falls by 1 percent 

D. A rise in the inflation rate and a fall in the unemployment rate occur together

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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