Economics (AS & A Level) · Oct / Nov 2025 · Paper 33 · Question 19
9708Links between macroeconomic problems and their interrelatedness
What would cause the short-run Phillips curve to shift to the right?
- Athe unemployment rate is above the natural rate of unemployment, decreasing inflationary expectations
- Bthe unemployment rate is above the natural rate of unemployment, increasing inflationary expectations
- Cthe unemployment rate is below the natural rate of unemployment, decreasing inflationary expectations
- Dthe unemployment rate is below the natural rate of unemployment, increasing inflationary expectations
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Correct answer: D. the unemployment rate is below the natural rate of unemployment, increasing inflationary expectations
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