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Business, 15.04.2021 19:30 NotAPDB111

f people believe that the central bank is going to reduce inflation, then a. the short-run Phillips curve shifts left and the sacrifice ratio will rise. b. the short-run Phillips curve shifts right and the sacrifice ratio will rise. c. the short-run Phillips curve shifts left and the sacrifice ratio will fall. d. the short-run Phillips curve shifts right and the sacrifice ratio will fall.

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