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Which of the Following Leads to a Rightward Shift in the Short-Run

question 346

Multiple Choice

Which of the following leads to a rightward shift in the short-run Phillips curve?
I. a reduction in the expected inflation rate
II. an increase in the natural unemployment rate


Definitions:

Services Performed

The actions or tasks provided by a business to its customers for a fee.

Salaries And Wages Payable

Liabilities owed to employees for work performed that are unpaid at the end of a reporting period.

Balance Sheet

A financial summary that captures the essence of a company’s assets, debts, and the share of equity belonging to investors at a given time.

Incurred

To suffer or become subject to an obligation, usually a cost or expense, as a result of one's actions or the operation of a business.

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