In the Long Run, What Will Shift the Long-Run Phillips

question 80

Multiple Choice

In the long run, what will shift the long-run Phillips curve to the right?

• A) an increase in the minimum wage
• B) an increase in the money supply
• C) a decrease in government spending
• D) tax cuts

---

Definitions:

Academic Pursuits

Activities or endeavors focused on educational or scholarly objectives, typically within an institutional learning environment.

College Professors

Faculty members at institutions of higher education who teach students and may engage in research or creative activities.

Middle-Aged Person

An individual roughly between the ages of 40 and 65, often characterized by stability in career, family, and personal identity but also facing significant life transitions.

Identity

Refers to the concept of who a person is, encompassing aspects such as personality, beliefs, and physical characteristics.