"All for One, but None for All" in an Article

question 343

Multiple Choice

"All for One, but None for All" In an article regarding how Great Britain and France are addressing the economic crisis in 2008, Britain's prime minister "is eager to encourage consumer spending" while France's president "wants to boost investment in both the private and public sectors." Both leaders are concerned because "hardly a day goes by without some manufacturing company announcing painful restructuring, plant closures or temporary lay-offs."
Www) ft.com, 11/24/2008
If the governments can increase consumption or investment while holding the expected inflation constant, there would be

• A) a rightward shift of the long-run Phillips curve.
• B) a movement down along the short-run Phillips curve
• C) a movement up along the short-run Phillips curve.
• D) a leftward shift of the AD curve.

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Definitions:

Log10

Log10 refers to the logarithmic function with base 10, used to determine the power to which the base must be raised to obtain a given number.

Natural Logarithm

The logarithm to the base e, where e is an irrational constant approximately equal to 2.718.

Stdlib.h

A header file in the C standard library that contains declarations for standard utility functions for performing general functions, such as dynamic memory allocation, random numbers, and other utilities.

Rand()

A function in many programming languages used to generate a pseudo-random number within a specified range.