Considering a Plot of the Inflation Rate and the Unemployment

question 4

Multiple Choice

Considering a plot of the inflation rate and the unemployment rate,one might conjecture that the short run Phillips curve was further to the right in the first part of the 2000s than it was in the last part of the 1990s and 2000.

• A)If so, this might be the result of a negative supply shock or an increase in expected inflation.
• B)Is so, this might be the result of a negative supply shock, or a decrease in expected inflation.
• C)If so, this might have been the result of a positive supply shock, or an increase in expected inflation.
• D)If so, this might have been the result of a positive supply shock, or a decrease in expected inflation.

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Definitions:

Knowledge Management System

A technology-enabled system designed to capture, manage, and distribute knowledge within an organization to enhance performance.

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Knowledge Management Systems

Information technology systems designed to facilitate the collection, organization, sharing, and analysis of knowledge within an organization.