Suppose the Long-Run Phillips Curve Shifts to the Right

question 64

Multiple Choice

Suppose the long-run Phillips curve shifts to the right. For any given rate of money growth and inflation, how would unemployment and output change?

• A) Unemployment would be higher, and output would be lower.
• B) Unemployment would be higher, and output would be higher.
• C) Unemployment would be lower, and output would be lower.
• D) Unemployment would be lower, and output would be higher.

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Definitions:

Therapist Beliefs

The convictions or professional principles held by therapists that can influence their therapeutic approach and interaction with clients.

Undue Influence

A situation where an individual is able to persuade another's decisions due to the relationship between the two parties being such that one is dominant over the other.

New Disorders

Recently identified or recognized medical or psychological conditions that affect mental health or behavior.

Food and Drug Administration

A federal agency of the United States Department of Health and Human Services, responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices, cosmetics, animal foods & feed and veterinary products.