Question: An increase in expected inflation will shift a. the short-run Phillips curve downward. b. the short-run Phillips curve upward. c. the long-run Phillips curve upward.

An increase in expected inflation will shift

a. the short-run Phillips curve downward.

b. the short-run Phillips curve upward.

c. the long-run Phillips curve upward.

d. the long-run Phillips curve downward.

e. neither the short-run nor the long-run Phillips curve.

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