The Following Question Are Based on the Following Graph, Which

question 8

Multiple Choice

The following question are based on the following graph, which shows two different Phillips curves, labeled (1) and (2) :

-Phillips curve (2) could shift up to curve (1) as a result of

• A) the decreased bargaining power of unions.
• B) expectations of a higher rate of inflation.
• C) a higher level of training of the labor force.
• D) increased labor productivity.
• E) decreased government spending.