For the Short-Run Phillips Curve to Remain Relatively Stable, Then

question 68

Multiple Choice

For the short-run Phillips curve to remain relatively stable, then changes in real GDP must occur primarily as a result of shifts in:

• A)​changes in aggregate demand.
• B)​changes in real wages caused by changes in the supply of labor.
• C)​changes in inflationary expectations.
• D)​changes in aggregate supply.

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Definitions:

Net Operating Cash Flow

The amount of cash generated by a company's regular business operations over a specific period.

Long-Term Liabilities

Debts or obligations that are not due for settlement within one year and are often used to finance the purchase of long-term assets.

Indirect Method

A way of calculating cash flows from operating activities in the cash flow statement by adjusting net income for changes in balance sheet accounts.

Cash Receipts

Represents the total cash inflows from transactions, including sales and asset dispositions, during a specific period.