A Rightward Shift of the Phillips Curve Would Suggest That

question 86

Multiple Choice

A rightward shift of The Phillips Curve would suggest that:

• A)the productivity of labour increased.
• B)each higher rate of inflation is now associated with a higher rate of unemployment than previously.
• C)cost-push inflation decreased.
• D)a lower rate of inflation is now associated with each rate of unemployment than previously.

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Definitions:

Bevel Gears

Gears where the axes of the two shafts intersect and the tooth-bearing faces of the gears themselves are conically shaped.

Pitch Cone

In gear design, it is the imaginary cone that represents the underlying angular surface of the teeth, where the pitch surface of an infinitely small gear would be.

Conical Surface

A surface that extends outward and away in all directions from a common point, resembling the shape of a cone.

Frustum

A truncated shape that results from cutting a pyramid or cone with a plane parallel to its base, leaving two bases, one smaller than the other.