A Movement to the Right Along a Given Short-Run Phillips

question 134

Multiple Choice

A movement to the right along a given short-run Phillips curve could be caused by

• A)an increase in the natural rate of unemployment or expansionary monetary policy.
• B)expansionary monetary policy,but not an increase in the natural rate of unemployment.
• C)an increase in the natural rate of unemployment or a contractionary monetary policy.
• D)contractionary monetary policy,but not an increase in the natural rate of unemployment.

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or activities, often with the aim of reducing consumption of those items or generating revenue.

Tax Revenue

The income that is gained by governments through taxation, used to fund public services and government operations.

Leather Shoes

Footwear made from the hide of animals, treated and fashioned into various styles and forms for practical and fashion purposes.

Downward-Sloping

Describes a line or curve that moves from the upper left to the lower right, often used to illustrate a decrease in price leading to an increase in demand.