A Rightward Shift of the Phillips Curve Implies an Increase

question 25

True/False

A rightward shift of the Phillips curve implies an increase in both unemployment and inflation.
A rightward shift of the Phillips curve is associated with a leftward shift in the AS curve,resulting in higher unemployment and inflation.

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Definitions:

Occupational Choice

Refers to the process by which individuals select a career path, profession, or type of job based on various factors like interest, skills, and values.

Realistic Occupation

Jobs or careers that focus on practical, hands-on activities and require physical skills, often related to construction, maintenance, or agriculture.

Counselor

A professional who provides guidance, advice, or therapy to individuals or groups, especially in situations involving emotional, social, or psychological challenges.

Mechanic

An individual skilled in repairing and maintaining machinery, motors, and other mechanical equipment.