Select correct answers in regard of Phillips curve:
A. The short run Phillips curve is negative sloped.
B. Long run Phillips curve is steeper in slope than short run curve.
C. Over the time Phillips curve has tendency to be parallel to x-axis.
D. The Phillips curve shows positive relationship between inflation and money.
E. Inflation expectations plays a major role in wage negotiations.
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Inflation, unemployment and the Phillips curve has come up 106 times in 7 exams since 2006.
This question is on The expectations-augmented Phillips curve, part of Inflation, unemployment and the Phillips curve in Macroeconomics.
How expected inflation shifts the trade-off and makes it vertical in the long run.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.