Scenario 36-2 In Flosserland, the Department of Finance is responsible for monetary policy. Flosserland has had an inflation rate of 25% for many years. Refer to Scenario 36-2. Suppose that the Flosserland Department of Finance undertakes a public relations campaign to convince people that it will soon change monetary policy to reduce inflation to 12.5%. If Flosserlanders believe their government then which, if any, curve(s) shift left? a. The short-run but not the long-run Phillips curve b. The long-run but not the short-run Phillips curve c. Neither the short-run nor the long-run Phillips curve d. The short-run and the long-run Phillips curve