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Test: Macro 1 Test 4 (Block 4) Time Limit: 00:35:00 Submit Test This Question: 1 pt 7 of 10 (0 complete) This Test: 10 pts possible Based on the theory of the expectations - augmented Phillips curve, if the expected inflation rate is 2%, the short - run Phillips curve will O A. intersect the long - run Phillips curve at the natural unemployment rate, when the inflation rate is 2%. O B. be the same as the long - run Phillips curve. O C. have a kink at an inflation rate of 2%. O D. be horizontal at an expected inflation rate of 2%