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

question 243

Multiple Choice

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

• A) expansionary fiscal policy
• B) an increase in the inflation rate
• C) increases in unemployment compensation
• D) None of the above is correct.

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Definitions:

Claus Sluter

A sculptor from the Netherlands, active in the late 14th and early 15th centuries, known for his influential work in the Burgundian Netherlands.

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A depiction in art of the Virgin Mary and infant Jesus.

Hans Memling

A German painter who lived in the Netherlands, best known for his work in the Flemish school of art during the Renaissance.

Nuremberg Chronicle

A richly illustrated book chronicling the history of the world from creation to the late 15th century, published in Nuremberg in 1493.