53 540 550 56 57 58 59 60 QUESTION 55 If the public correctly perceives that the central bank will reduce inflation, then the short-run Phillips curve shifts O a. left, and unemployment will rise by less than otherwise. b. right, and unemployment will rise by more than otherwise. C. right, and unemployment will rise by less than otherwise. d. left, and unemployment will rise by more than otherwise. QUESTION 56 Part of the argument against deficits is that they a. decrease interest rates and investment. b. increase interest rates and decrease investment. OOOO c. decrease interest rates and increase investment. d. increase interest rates and investment