Economists Who Have Studied the Phillips Curve Have Concluded That

question 25

Multiple Choice

Economists who have studied the Phillips curve have concluded that it can shift due to all of the following EXCEPT

• A) demand shocks.
• B) supply shocks.
• C) changes in household expectations of inflation.
• D) changes in firms' expectations of inflation.

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Definitions:

Shipping Container

Large, standard-sized metal box used for transporting goods over long distances, typically by sea or land.

Planning Budget

A budget prepared before a period begins, outlining the financial plans and the expected outcomes for that period.

Total Expenses

The aggregate amount of all costs and expenses, both fixed and variable, incurred by a business, organization, or individual.

Shipping Container

A large standard-sized metal box used for transporting goods by sea, land, or air.