In the Long Run, Which of the Following Will Shift

question 169

Multiple Choice

In the long run, which of the following will shift the long-run Phillips curve to the right?

• A)an increase in the minimum wage
• B)an increase in the money supply
• C)a decrease in the money supply
• D)tax cuts

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Definitions:

Basal Metabolic Rate

The minimum rate of energy expenditure per unit time by endothermic animals at rest, essential for maintaining basic bodily functions.

Specific Body Weight

The particular weight that an individual's body tends to maintain, influenced by genetic, metabolic, and environmental factors.

Ghrelin

A hormone produced mainly by the stomach that stimulates appetite and signals the brain to increase food intake.

Leptin

A hormone involved in regulating energy balance by inhibiting hunger, thereby regulating fat storage in the body.