Business, 08.04.2021 20:20, Kkampudiaa

If the unemployment rate is above the natural rate, then a. inflation is less than expected. As inflation expectations are revised the short-run Phillips curve will shift left. b. inflation is greater than expected. As inflation expectations are revised the short-run Phillips curve will shift left. c. inflation is less than expected. As inflation expectations are revised the short-run Phillips curve will shift right. d. inflation is greater than expected. As inflation expectations are revised the short-run Phillips curve will shift right.

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If the unemployment rate is above the natural rate, then a. inflation is less than expected. As infl...