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what happens when people have low inflationary expectations? A. The Phillips curve shifts upward, increasing both inflation and unemployment. B. The Phillips curve shifts downward,

what happens when people have low inflationary expectations?

A. The Phillips curve shifts upward, increasing both inflation and unemployment.

B. The Phillips curve shifts downward, giving policymakers better options.

C. The aggregate demand curve shifts to the right, decreasing unemployment.

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