In the Long Run,which of the Following Would Shift the Long-Run

question 61

Multiple Choice

In the long run,which of the following would shift the long-run Phillips curve to the right?

• A)an increase in the minimum wage
• B)an increase in government spending
• C)an increase in the money supply
• D)a decrease in the money supply

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Definitions:

Reluctant

Showing hesitation or unwillingness to do something.

Hedging

A financial strategy used to reduce or limit the risk of price movements in commodities, currencies, or securities, by taking an offsetting position in a related security.

Currency Exchange

The process of exchanging one country's currency for another, affecting international trade and investments due to fluctuating exchange rates.

Price Risks

The uncertainty and potential financial loss associated with changes in the price of goods, services, or commodities.