In the Long Run, How Does an Increase in the Rate

question 49

Multiple Choice

In the long run, how does an increase in the rate of growth of the money supply shift the Phillips curves?

• A) It shifts both the short-run and long-run Phillips curves to the right.
• B) It shifts the long-run Phillips curve right and the short-run Phillips curve left.
• C) It shifts only the short-run Phillips curve to the right.
• D) It shifts only the short-run Phillips curve to the left.

---

Definitions:

NLRB

The National Labor Relations Board, a federal agency in the United States responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Mandatory Bargaining Items

Subjects that, by law, must be discussed in the collective bargaining process between employers and labor unions.

Job Evaluation Data

Information and analysis regarding the responsibilities, duties, and value of a particular job to determine appropriate compensation and classification.

Health and Safety Statistics

Data and metrics related to workplace incidents, injuries, illnesses, and fatalities, used to assess and improve the occupational health and safety conditions.