Country A's Long-Run Phillips Curve Is Farther to the Right

question 231

Multiple Choice

Country A's long-run Phillips curve is farther to the right than country B's. Country A and country B are identical in all other ways. In particular, they have the same money supply growth rates. In the long run as compared to country B country A will have

• A)higher unemployment and higher inflation.
• B)higher unemployment and the same rate of inflation.
• C)lower unemployment and higher inflation.
• D)None of the above is correct.

---

Definitions:

Nuremberg Laws

A set of antisemitic laws in Nazi Germany introduced in 1935, which severely restricted the rights of Jewish people.

Citizenship

The status of being a recognized member of a state or nation, with rights and duties as defined by law.

Minister of Propaganda

An official position in government, typically responsible for controlling and disseminating the narrative and information to influence public opinion and promote the government agenda.

Joseph Goebbels

A prominent German Nazi politician and Reich Minister of Propaganda of Nazi Germany, known for his zealous oratory and emotionally charged propaganda.