Given a Phillips Curve with Stable and Predictable Inflation and Unemployment

question 142

Multiple Choice

Given a Phillips Curve with stable and predictable inflation and unemployment rate trade-offs, it appears that

• A) an expansionary fiscal policy can shift the curve to the left.
• B) a tight money policy can shift the curve to the right.
• C) manipulating aggregate demand through fiscal and monetary policies has the effect of causing a movement along the curve.
• D) manipulating aggregate demand through fiscal and monetary policies has the effect of shifting the curve.

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Definitions:

Screening

The process of performing tests on a large scale to identify the presence of disease or body abnormalities in asymptomatic populations.

Diagnosing

The process of determining which disease or condition explains a person's symptoms and signs.

Reviewing

The act of examining or assessing something critically, often for the purpose of finding areas for improvement or ensuring compliance.

Genogram

A graph of family health history.