On the Modern Phillips Curve,the Initial Impact of Government Policies

question 84

Multiple Choice

On the modern Phillips curve,the initial impact of government policies to stimulate the economy is shown by ________.

• A)an upward movement along the Phillips curve to a higher inflation rate
• B)an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
• C)a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
• D)a downward movement along the Phillips curve to higher unemployment rates
• E)none of the above

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Definitions:

Metrics

Standards of measurement that provide insights or data to track and assess the status or performance of various aspects within an organization.

Effective

Having an intended or expected outcome; producing a decisive result or effect.

Efficient

Achieving maximum productivity with minimum wasted effort or expense.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.