The Phillips Curve Will Shift When

question 184

Multiple Choice

The Phillips curve will shift when

• A) the expected inflation rate changes.
• B) rational expectations change.
• C) the price level falls.
• D) the unemployment rate falls.

---

Definitions:

Myelin Sheath

A layer of protective insulation that covers nerve fibers, enhancing the speed and efficiency of electrical signal transmission along the nervous system.

CNS

Central Nervous System, comprised of the brain and spinal cord, responsible for processing and coordinating sensory information and motor commands.

PNS

Stands for Peripheral Nervous System, which includes all the nerves outside of the brain and spinal cord.

Plasma Membrane

A bi-layer of lipids and proteins that surrounds a cell, controlling the entry and exit of substances.