A Story from Www

question 313

Multiple Choice

A story from www.ft.com 1/31/2005) describing Irelandʹs transformation to a prosperous economy noted that ʺIrelandʹs story is unique: a small, English-speaking, non-industrialized country on the edge of Europe was able to secure structural funds from the EU, cut taxes, deregulate faster than its neighbours and attract lots of foreign companies in the process.ʺ
If the natural rate of unemployment in Ireland decreased as a result of these policies, then _________would shift _________.

• A) the long-run and short-run Phillips curves; leftward
• B) the long-run and short-run Phillips curves; rightward
• C) only the long-run Phillips curve; leftward
• D) only the short-run Phillips curve; rightward

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Definitions:

Multiple Languages

The ability or phenomenon of using or understanding more than one language by an individual or within a community.

Cognitive Approaches

Psychological perspectives that focus on internal processes such as thinking, memory, problem-solving, and attention.

Biological Explanations

Theories or reasoning that attribute psychological phenomena or behaviors to biological processes.

Innate Factors

Natural, inborn elements or traits that influence an individual's development and characteristics from birth.