Which of the Following Shifts the Long-Run Phillips Curve Left

question 39

Multiple Choice

Which of the following shifts the long-run Phillips curve left?

• A)both an increase in the inflation rate and a decrease in the minimum wage rate
• B)an increase in the inflation rate,but not a decrease in the minimum wage rate
• C)a decrease in the minimum wage rate,but not an increase in the inflation rate
• D)neither a decrease in the minimum wage rate nor an increase in the inflation rate

---

Definitions:

Western Nations

Countries located primarily in the Western Hemisphere or characterized by their adoption of Western cultural, economic, and political norms, often including Europe, North America, and parts of Oceania.

Accepted Behaviors

Accepted behaviors are actions or reactions deemed appropriate and within the norms of a society or a specific group.

Defined As Deviant

The process by which an individual's actions or behaviors are labeled by society as abnormal, immoral, or criminal.

Acceptability

The degree to which a concept, behavior, or product is considered appropriate or suitable within a social context.