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:

Monozygotic Twins

Twins that originate from a single fertilized egg, sharing identical genetic material and usually very similar physical traits.

Genes

Units of heredity made up of DNA, acting as instructions to make molecules called proteins, vital for building and maintaining the body’s cells and organs.

Preeclampsia

A condition in pregnancy characterized by high blood pressure, often with fluid retention and proteinuria.

Rh Incompatibility

A condition occurring during pregnancy if a mother's Rh blood type is negative and her fetus's Rh blood type is positive, potentially leading to problems such as hemolytic disease of the newborn.