In a Story from HYPERLINK "Http://www

question 200

Multiple Choice

In a story from HYPERLINK "http://www.ft.com/" www.ft.com (1/31/2005) describing Ireland's transformation to a prosperous economy it was noted that "Ireland's story is unique: a small, English- speaking, non- industrialised country on the edge of Europe was able to secure structural funds from the EU, cut taxes, deregulate than its neighbours and attract lots of foreign companies in the process."
If the natural rate of unemployment in Ireland decreased as a result of these policies, there would be

• A) leftward shift in the long- run Phillips curve.
• B) leftward shift in the short- run Phillips curve.
• C) rightward shift in the short- run Phillips curve.
• D) rightward shift in the long- run Phillips curve.

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Definitions:

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Deceptive action intended to result in financial or personal gain or to cause harm to another party.

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An erroneous belief, at the time a contract is concluded, about certain facts or laws that may affect the contract's validity.

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Individuals whose cognitive and physical abilities are significantly impaired due to the consumption of alcohol or drugs.

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The legal ability and authority to enter into binding contracts and obligations.