The Phillips Curve Suggests That, If Government Uses an Expansionary

question 45

Multiple Choice

The Phillips Curve suggests that, if government uses an expansionary fiscal policy to stimulate output and employment:

• A)unemployment may actually increase because of the crowding-out effect.
• B)tax revenues may increase even though tax rates have been reduced.
• C)inflation may result.
• D)the natural rate of unemployment may fall.

Understand and apply the concept of isomerism in organic chemistry.

Draw and interpret Lewis structures for organic compounds.

Calculate and understand the significance of empirical and molecular formulas based on elemental analysis.

Identify and label acids, bases, conjugate acids, and conjugate bases in acid/base reactions.

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