An Attempt to Lower Unemployment with Demand-Side Stimulus Policies Will

question 120

Multiple Choice

An attempt to lower unemployment with demand-side stimulus policies will cause an increase in the price level,which is illustrated by

• A)A leftward shift of the Phillips curve.
• B)A leftward shift of the aggregate demand curve.
• C)A rightward shift of the aggregate supply curve.
• D)A rightward shift of the aggregate demand curve.

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Definitions:

Global Marketplace

An interconnected environment where goods, services, and labor are exchanged across national borders, fueled by globalization.

Direct Investment

An investment in the form of a controlling ownership in a business in one country by an entity based in another country.

Exporting

The business practice of selling goods or services produced in one country to buyers in another country.

Indirect Export

The process of selling goods or services to a foreign market through intermediaries, rather than directly to the end purchaser.