The Long-Run Phillips Curve Would Shift Left If

question 98

Multiple Choice

The long-run Phillips curve would shift left if

• A)the money supply increased or if the minimum wage was reduced.
• B)the money supply increased but not if the minimum wage was reduced.
• C)the minimum wage was reduced but not if the money supply increased.
• D)None of the above is correct.

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Definitions:

Rollerblading

The activity or sport of moving on surfaces by wearing a pair of boots with a single line of small wheels attached to the bottom.

Frontal

In neuroscience, it refers to the frontal part of the brain, which is responsible for executive functions such as decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Breakfast

The first meal of the day, usually eaten in the morning.

Active

Involves engagement and participation in actions or activities.