In the Short Run, a Surprise Reduction of Inflation by the Fed

question 170

Multiple Choice

In the short run, a surprise reduction of inflation by the Fed results in ________ in the long-run Phillips curve and ________ in the short-run Phillips curve.

• A) no change; no change
• B) a leftward shift; an upward shift
• C) no change; a downward shift
• D) a rightward shift; an upward shift
• E) a rightward shift; a downward shift

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Definitions:

Transsexual

A term used to describe an individual whose gender identity does not align with their biological sex and who may seek to transition through medical intervention.

Exhibitionist

A person who experiences a psychological urge to display their genitals to others.

Dominatrix

A woman who takes the dominant role in BDSM activities and practices.

Disciplining

The action of training people to obey rules or a code of behavior, using punishment to correct disobedience.