The Phillips Curve Will Shift Up with ________ or ________

question 61

Multiple Choice

The Phillips curve will shift up with ________ or ________.

• A) a positive supply shock; an increase in expected inflation
• B) a positive supply shock; a decrease in expected inflation
• C) a negative supply shock; an increase in expected inflation
• D) a negative supply shock; a decrease in expected inflation

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Definitions:

Shear Zone

A region of the Earth's crust where rocks have been significantly deformed due to shear stress.

Folded Metamorphic Rocks

Metamorphic rocks that have been subjected to significant pressure and heat, resulting in a folded appearance due to deformation.

Well-developed Cleavage

A property of minerals that allows them to break along flat, parallel surfaces with ease, often a result of their crystal structure.

Bedding

Layers of sediment or sedimentary rock laid down in natural processes within bodies of water or on the Earth's surface.