An increase in the expected rate of inflation
The Phillips curve gives the relationship between the country's inflation rate and its unemployment rate at a given set of inflationary expectations. An unexpected expansion of aggregate demand will reduce the rate of unemployment because wage and price setters do not increase wages and prices all the way to the new long-run equilibrium. In the long-run when workers and firms realize that aggregate demand has increased wages and prices will rise all the way and the Phillips curve will shift up to the point where the new inflation rate will be consistent with the natural rate of unemployment. Any expectation of an increase in the inflation rate will cause the Phillips curve to shift up; a higher rate of inflation will be consistent with each level of unemployment.
Sentence has been given in Active Voice. Out of the four alternatives suggested select the one which best expresses the same sentence in Passive Voice....
Select the correct passive form of the given sentence.
Our team scored 350 runs in the Inter-college Cricket Tournament.
Select the correct PASSIVE VOICE form of the given sentence.
Navin M Raheja has made several contributions in the field of conservation.
Being a very fast worker he is always liked by all his colleagues and superior too
Choose the option that is the passive form of the sentence.
The Municipal Corporation changed the manhole covers before the rainy season.
Select the option that expresses the given sentence in passive voice.
The teacher explained the complex topic using practical examples...
An apple carries about 100 million useful bacteria.
Select the correct active form of the given sentence.
This beautiful story was written by Maya.
The sentence has been given in Active/Passive Voice. Change the voice to Passive/Active.
Diksha knows this address
Choose the appropriate active voice for the following.
The murderer was being arrested by the police.