ʺAll for One, but None for Allʺ

question 381

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.
If consumption and investment are increased by the governmentsʹ policies, we would expect ___________ and a___________ the short -run Phillips curve.

• A) movement up along the AD curve; rightward shift of
• B) increase in aggregate demand; movement up along
• C) movement down along the AD curve; movement down along
• D) increase in aggregate demand; rightward shift of

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Definitions:

American Medical Association

A professional association and lobbying group of physicians and medical students in the United States founded in 1847, focused on public health issues, medical education standards, and the interests of doctors.

Brain Function

The activities and processes that occur in the brain, enabling thought, perception, emotion, and behavior.

Body Project

The practice of actively shaping or modifying one's physical appearance through diet, exercise, fashion, or cosmetic surgery.

Societal Definitions

The meanings, norms, and values that a society or culture assigns to actions, characteristics, or phenomena.