On the Phillips Curve, How Are the Immediate Effects of a Discretionary

question 119

Multiple Choice

On the Phillips curve, how are the immediate effects of a discretionary increase in government spending represented?  

• A) by a rightward shift of the aggregate demand curve 
• B) by a rightward shift of the Phillips curve 
• C) by a leftward shift of the Phillips curve 
• D) by a movement along the Phillips curve

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Definitions:

Epinephrine (Adrenaline)

A hormone and neurotransmitter involved in the body's fight-or-flight response, increasing heart rate, muscle strength, blood pressure, and sugar metabolism.

Cytokines

These chemical messengers are produced by the body as part of its immune response. These proteins can either promote inflammation or reduce it.

Dopamine

A neurotransmitter and a hormone that serves many functions in the body. As a neurotransmitter, it is involved in several brain processes, including reward systems. Low levels of dopamine production are associated with Parkinson’s disease.

Lifespan

The duration of time an individual lives, from birth to death, taking into consideration the developmental stages and transitions faced over the years.