Suppose That Weather Around the World Is Especially Good Next

question 40

Multiple Choice

Suppose that weather around the world is especially good next year, so farmers have unusually good crops. What might we expect that this will do to the short-run and long-run Phillips curves?

• A) This will shift both the short-run and long-run Phillips curves to the right.
• B) This will shift both the short-run and long-run Phillips curves to the left.
• C) This will shift the short-run Phillips curve to the left, but not affect the long-run Phillips curve.
• D) This will shift the long-run Phillips curve to the left, but not affect the short-run Phillips curve.

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Definitions:

Relationships

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Us Together

A phrase that suggests unity or collaboration among a group of people, indicating a collective effort or mutual experience.

Sartre

Jean-Paul Sartre, a 20th-century French philosopher known for his existentialist concepts, including the emphasis on freedom, choice, and the responsibility of the individual.

Facticity

Jean-Paul Sartre’s term, borrowed from Martin Heidegger, for the totality of facts that are true of a person at any given time.