According to the Short-Run Phillips Curve,which of the Following Would

question 40

Multiple Choice

According to the short-run Phillips curve,which of the following would result in low rates of unemployment?

• A)weak increases in aggregate supply
• B)a lower inflation rate
• C)weak increases in aggregate demand
• D)a higher inflation rate

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Definitions:

Return

The gain or loss on an investment over a specific period, usually expressed as a percentage of the investment's initial cost.

Total Risk

The complete range of risks associated with an investment, including both systemic and unsystematic risk.

Modigliani

Refers to Franco Modigliani, an Italian-American economist known for his work on corporate finance, the Modigliani-Miller theorem, and the life-cycle hypothesis of saving.

Developed

Pertains to countries that have a high level of industrialization, a high standard of living, and a well-established economic structure.