According to the Short-Run Phillips Curve, an Increase in Government

question 38

Multiple Choice

According to the short-run Phillips curve, an increase in government spending aimed at reducing unemployment will lead to:

• A) an increase in the rate of inflation.
• B) an increase in the level of potential GDP.
• C) a government budget surplus.
• D) a decline in aggregate demand.

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Justice Department

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Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 that prohibits monopolistic and anticompetitive practices.

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