Suppose That Weather Around the World Is Especially Good Next

question 40

Multiple Choice

Suppose that weather around the world is especially good next year, so farmers have unusually good crops. What might we expect that this will do to the short-run and long-run Phillips curves?

• A) This will shift both the short-run and long-run Phillips curves to the right.
• B) This will shift both the short-run and long-run Phillips curves to the left.
• C) This will shift the short-run Phillips curve to the left, but not affect the long-run Phillips curve.
• D) This will shift the long-run Phillips curve to the left, but not affect the short-run Phillips curve.

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Definitions:

Planetary Alignment

A phenomenon where planets of the solar system appear to be in a straight line when viewed from Earth.

Leading Cause

The primary factor or condition that is most commonly associated with a particular outcome, such as a disease or social issue.

Death

The cessation of all biological functions that sustain a living organism; often discussed in the context of philosophy, religion, and medicine.

Canada

a country in North America known for its vast landscapes, multicultural population, and as the second-largest country by area worldwide.