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When the expected inflation rate , the shortminusrun Phillips curve . Question content area bottom Part 1 A. falls; shifts upward B. rises; shifts upward

When the expected inflation rate ________, the shortminusrun Phillips curve ________. Question content area bottom Part 1 A. falls; shifts upward B. rises; shifts upward C. rises; shifts downward D. falls; does not shift E. rises; might shift upward or downward depending on how the longminusrun Phillips curve shifts

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