Which of the Following Is True About the Long-Run Phillips

question 193

Multiple Choice

Which of the following is true about the long-run Phillips curve?

• A)No event can shift the curve rightward; it can only be shifted leftward.
• B)No event can shift the curve leftward; it can only be shifted rightward.
• C)No event can shift the curve either rightward or leftward.
• D)Only fiscal and monetary policy can shift the curve.
• E)Demand-side policy cannot shift the curve.

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Definitions:

Discursive Consciousness

The capability to engage in and apply reasoning about actions and social conditions through the use of language and communication.

Actions

The process of doing something in order to achieve a purpose, often associated with human behavior or interventions.

Practical Consciousness

Refers to the tacit knowledge and unarticulated beliefs that individuals use in their daily lives without formal reasoning.

Actions

Behaviors taken by individuals or groups influenced by intentions, motivations, and societal norms.