The Short-Run Phillips Curve Shifts Upward Whenever

question 11

Multiple Choice

The short-run Phillips curve shifts upward whenever:

• A)inflation rises.
• B)a negative supply shock occurs.
• C)unemployment rises.
• D)all of the above.

---

Definitions:

Material Tool

Refers to a physical object used to perform tasks or achieve goals, ranging from simple implements to complex machinery.

Cultural Celebrations

Events marked by specific cultures to honor their heritage, traditions, and important historical moments.

Material Tool

Physical objects designed and used by humans to perform a task or solve a problem.

Symbolic Tool

An object or sign used to represent ideas, concepts, or other objects, facilitating communication and cognitive processes.