In the Long Run,which of the Following Would Shift the Long-Run

question 1

Multiple Choice

In the long run,which of the following would shift the long-run Phillips curve to the right?

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

---

Definitions:

Principal's Responsibility

The legal obligations of a principal to ensure the proper conduct and accountability of their agents or representatives.

Independent Contractor

An individual who provides services to another entity under terms specified in a contract or agreement, but is not considered an employee of the entity.

Inherently Dangerous Activity

An activity that carries an inherent risk of harm or damage, even when all possible care is taken to prevent that harm.

Liability

The legal responsibility to settle a debt or fulfill an obligation, potentially involving payment for damages in legal cases.