According to New Classical Theory,if the Public Correctly Anticipates a Government

question 33

Multiple Choice

According to new classical theory,if the public correctly anticipates a government policy to increase aggregate demand,then the

• A) short-run Phillips curve will be upward sloping,but the long-run Phillips curve will be downward-sloping.
• B) long-run Phillips curve will be upward sloping,but the short-run Phillips curve will be downward-sloping.
• C) short-run Phillips curve will be upward sloping,but the long-run Phillips curve will be vertical.
• D) long run Phillips curve will be upward sloping,but the short-run Phillips curve will be vertical.
• E) short- and long-run Phillips curves will be vertical.

---

Definitions:

Investment Plans

Financial strategies designed to allocate resources towards future profit and growth opportunities.

Shackleton's Leadership

Refers to the leadership style and practices of Ernest Shackleton, especially during his Antarctic expeditions, which are noted for his exceptional crisis management and ability to maintain crew morale under extreme conditions.

Leading By Example

A leadership approach where leaders demonstrate the behaviors, ethics, and actions they expect from their team members by first embodying them themselves.

Communicating A Vision

The act of sharing and explaining a future goal or direction to others in a way that inspires and motivates them.