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Figure 17-2 Inflation rate Long-run (percent Phillips per year) curve B 5.5% 3 C 1 Short-run Phillips curve 3.8% 5 6 Unemployment rate (percent) Refer

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Figure 17-2 Inflation rate Long-run (percent Phillips per year) curve B 5.5% 3 C 1 Short-run Phillips curve 3.8% 5 6 Unemployment rate (percent) Refer to Figure 17-2. Suppose the economy is at point A in the figure above. Which of the following is true? Select one: O a. The short-run Phillips curve will shift to the left. b. Actual inflation and expected inflation are the same. c. The short-run Phillips curve will shift to the right. O d. The long-run Phillips curve will shift to the left. O e. The long-run Phillips curve will shift to the right

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