The Short-Run Phillips Curve Could Shift to the Left as a Result

question 66

Multiple Choice

The short-run Phillips curve could shift to the left as a result of either ____ or ____.

• A)​rising oil prices; increasing inflation expectations
• B)​rising wages; falling prices
• C)​declining oil prices; falling inflation expectations
• D)​falling wages; rising prices

---

Definitions:

Protection

The act or measures taken to guard or defend against harm, damage, or loss, often associated with safety and security protocols.

Jansenists

Members of a Catholic reform movement originating in the 17th century, emphasizing original sin, human depravity, the necessity of divine grace, and predestination.

Louis XIV

The King of France from 1643 until his death in 1715, known for his absolute monarchy and the extensive building of the Palace of Versailles.

One Faith

The concept of a single, unified religion or belief system that all members of a society adhere to.