Both the Long-Run and the Short-Run Phillips Curves Shift If

question 3

Multiple Choice

Both the long-run and the short-run Phillips curves shift if

• A) expected real GDP changes.
• B) the expected inflation rate changes.
• C) the natural unemployment rate changes.
• D) the expected unemployment rate changes.
• E) the actual inflation rate changes.

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Definitions:

Dura Mater

The outermost and toughest of the three membranes covering the brain and spinal cord, providing significant protection to the central nervous system.

Opaque

Describes a material or substance that is not transparent; light cannot pass through it.

Structural Features

The characteristics or components that make up the physical and architectural design of a structure or organism.

Septum Pellucidum

A thin, transparent membrane separating the lateral ventricles of the brain, involved in the circulation of cerebrospinal fluid.