-The Shifts of the Short-Run and Long-Run Phillips Curves in the Figure

question 35

Multiple Choice

-The shifts of the short-run and long-run Phillips curves in the figure above are the result of

• A) a decrease in the natural unemployment rate.
• B) an increase in the natural unemployment rate.
• C) an increase in the actual inflation rate.
• D) an increase in the expected inflation rate.
• E) a decrease in the expected inflation rate.

---

Definitions:

Experimenter Bias

A form of bias that occurs when a researcher's expectations influence the outcome of an experiment.

Policy Change

Policy change involves modifications or complete overhauls of existing rules, regulations, or principles within an organization, government, or system.

Confounded Variables

External factors in an experiment that can affect the results, making it difficult to determine causal relationships.

Interviewed

The process of being asked questions by another person or group, often for the purpose of gathering information, assessing qualifications, or conducting research.