Which of the Following Would Shift the Short-Run Phillips Curve

question 186

Multiple Choice

Which of the following would shift the short-run Phillips curve to the right?

• A)The Bank of Canada engaging in purchase and resale agreements.
• B)The Bank of Canada raising the target for the overnight rate.
• C)an increase in commercial bank lending standards.
• D)a sudden and unexpected increase in the price of oil.
• E)a sudden decrease in the labour force participation rate.

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Definitions:

Selective Attention

The capacity to focus on a specific stimulus or task while ignoring irrelevant distractions.

Divided Attention

The ability to process two or more responses or react to two or more different demands simultaneously.

Automatization

The process by which skills and procedures are practiced until they can be performed quickly and without much conscious thought.

Asthma Development

The process by which individuals, often from a young age, begin to exhibit symptoms of asthma, a chronic respiratory condition characterized by airway inflammation and constriction.