The Phillips Curve Will Shift Because Of

question 56

Multiple Choice

The Phillips Curve will shift because of:

• A)expected inflation.
• B)normal inflation.
• C)hyperinflation.
• D)None of these statements is true.

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Definitions:

Accounts Receivable Journal

A ledger used to record sales transactions where payment is to be received in the future, detailing each customer’s purchase on credit.

Purchases Journal

A specialized accounting journal used to record the purchasing of goods and services on credit.

Promissory Note

A financial instrument in which the writer promises in writing to pay a determinate sum of money to the payee under specific terms.

Revenue Journal

A specialized accounting journal used to record all incoming revenues and sales transactions of a company.