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Inflationary expectations

Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025

Definition

Expectations about future price level increases that influence current wage and price-setting decisions; changes in inflationary expectations cause production costs to change and shift the SRAS curve.

AP course connection

Topic 3.3: 3.3 Short-Run Aggregate Supply (SRAS)

Unit 3

Keep studying

Review this concept in 3.3 Short-Run Aggregate Supply (SRAS)AP Macroeconomics course hub

inflationary expectations cheat sheet for homework

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