Question: 20. A decrease in inflation expectations causes producers to push for _ input prices, which results in a(n) _ shift in the short-run Phillips curve.

20. A decrease in inflation expectations causes producers to push for _____ input prices, which results in a(n) _____ shift in the short-run Phillips curve.

a. lower; rightward

b. lower; leftward

c. higher; rightward

d. higher; leftward

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Question: 20. A decrease in inflation expectations causes producers to push for _____ input prices, which results in a(n) _____ shift in the short-run Phillips curve.

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Students Have Also Explored These Related Macroeconomics Questions!

Question: 20. A decrease in inflation expectations causes producers to push for _ input prices, which results in a(n) _ shift in the short-run Phillips curve.