Which of the Following Is True About the Short-Run Phillips

question 107

Multiple Choice

Which of the following is true about the short-run Phillips curve?

• A) The Fed can only shift the curve in the short run.
• B) In the short run,the Fed can shift the curve,but in the long run,the Fed can only move along it.
• C) In both the short run and the long run,the Fed can only shift the curve,it can never move along the curve.
• D) In both the short run and the long run,the Fed can only move the economy along the curve;it can never shift the curve.
• E) In the short run,the Fed can move the economy along the curve,but in the long run,the Fed can only chose which short run Phillips curve to be on.

---

Definitions:

Review Session

A meeting or class session specifically devoted to revising or summarizing the main points of a subject or material previously studied.

Cheerful Outlook

A positive mindset that typically leads to optimistic interpretations of situations and events.

Exercise

Physical activity that is planned, structured, and repetitive for the purpose of conditioning the body.

Independent Variable

The variable that is manipulated in an experiment to test its effects on the dependent variable.