A Rightward Shift of the Traditional Phillips Curve Would Suggest

question 164

Multiple Choice

A rightward shift of the traditional Phillips Curve would suggest that

• A) the productivity of labor increased.
• B) the rate of inflation is now higher at each rate of unemployment.
• C) cost-push inflation decreased.
• D) the rate of inflation is now lower at each rate of unemployment.

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Definitions:

Initial Public Offering

The first time that the stock of a private company is offered to the public.

Secondary-market Transaction

The buying and selling of previously issued securities, such as stocks and bonds, among investors without involving the issuing companies.

Block Transactions

Large-scale securities trades on stock markets, usually involving at least 10,000 shares or bonds.

NYSE

The New York Stock Exchange, one of the world's largest stock exchanges by market capitalization, located in New York City.