ʺAll for One, but None for Allʺ

question 128

Multiple Choice

ʺAll for One, but None for Allʺ
In an article regarding how Great Britain and France are addressing the economic crisis in 2008, Britainʹs prime minister ʺis eager to encourage consumer spendingʺ while Franceʹs president
ʺwants to boost investment in both the private and public sectors.ʺ Both leaders are concerned because ʺhardly a day goes by without some manufacturing company announcing painful restructuring, plant closures or temporary lay-offs.ʺ
If the governments can increase consumption or investment while holding the expected inflation constant, there would be

• A) a movement down along the short-run Phillips curve
• B) a movement up along the short-run Phillips curve.
• C) a leftward shift of the AD curve.
• D) a rightward shift of the long-run Phillips curve.

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Definitions:

Pronoun Error

A grammatical mistake that occurs when a pronoun does not correctly refer to its antecedent or does not agree in number, gender, or person.

Pizza Making

The art and practice of creating pizzas, involving the preparation of dough, sauce, toppings, and baking.

Pronoun Error

A grammatical mistake made when the wrong pronoun is used in a sentence, often leading to confusion or unclear reference.

Cookbook Guidance

Advice or instructions provided in cookbooks, aiming to help readers learn how to prepare and cook recipes successfully.