According to the Short-Run Phillips Curve, Which of the Following

question 29

Multiple Choice

According to the short-run Phillips curve, which of the following would result in low rates of unemployment?

• A)weak increases in aggregate supply
• B)a lower inflation rate
• C)weak increases in aggregate demand
• D)a higher inflation rate
• E)strong increases in long-run aggregate supply

---

Definitions:

Simple Interest

Interest determined exclusively on the original amount, or on the remaining amount of the principal that is not yet paid.

Financial Position

A snapshot of what a company owns and owes at a specific point in time, encompassing assets, liabilities, and equity.

Promissory Note

A Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Simple Interest

Interest calculated only on the principal amount, not on previous interest earned.