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:

Privatization

The process of transferring ownership or operation, particularly of public services or assets, to private sector entities.

Symbolism

Involves the use of symbols to represent ideas or qualities in literature, art, and other forms of expression.

Public Nature

Characteristics or attributes that are not private, belonging to or affecting the community or society at large.

Rates of Imprisonment

The proportion or number of individuals within a population who are confined in prison.