Question
When higher inflation is incorporated into the public's expectations a. The economy moves down-right along the Phillips curve b. The Phillips curve shifts up c.
When higher inflation is incorporated into the public's expectations
a. The economy moves down-right along the Phillips curve
b. The Phillips curve shifts up
c. The economy moves up-left along the Phillips curve
d. The Phillips curve shifts down
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
