In Which Situation Will the Economy Move to a Point

question 14

Multiple Choice

In which situation will the economy move to a point on the Phillips curve where unemployment is higher?

• A) if the inflation rate increases
• B) if the government increases its expenditures
• C) if the Bank of Canada decreases the money supply
• D) if expected inflation increases

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Definitions:

Gray Limestone

A sedimentary rock primarily composed of calcium carbonate, often containing fossils, and typically forming in shallow marine environments.

Well-Sorted Sandstone

Sandstone comprised of grains that are uniform in size, indicating a specific and consistent energy environment during deposition.

Dark Porous

Referring to rocks that have a dark color and contain numerous small holes or pores.

Lichens

Symbiotic organisms made up of a fungus and either an algae or a cyanobacteria, living together and often found on rocks, trees, and soil.