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In the following situation, briey explain whether the shortrun Phillips curve with the unemployment rate on the horizontal axis will shift, and if it does
In the following situation, briey explain whether the shortrun Phillips curve with the unemployment rate on the horizontal axis will shift, and if it does shift, which direction it will shift: The actual inflation rate decreases. O A. This would shift the short- run Phillips curve down. 0 B. This would shift the short- run Phillips curve up. 0 C. This would cause a movement down along the short run Phillips curve. 0 D. This would cause a movement up along the short run Phillips curve
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