The Economy Will Move to a Point on the Short-Run

question 171

Multiple Choice

The economy will move to a point on the short-run Phillips curve where unemployment is higher if

• A)the inflation rate decreases.
• B)the government increases its expenditures.
• C)the Fed increases the money supply.
• D)the government decreases taxes.

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Definitions:

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Nonjudgmental Acceptance

Adopting an attitude of acceptance toward thoughts, feelings, or behaviors without passing judgment or imposing criticism.

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