The Short-Run Phillips Curve Will Shift If There Is

question 170

Multiple Choice

The short-run Phillips curve will shift if there is

• A)an increase in the unemployment rate.
• B)an increase in inflation that is unanticipated.
• C)a decrease in inflation that is unanticipated.
• D)a change in inflation expectations.

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Definitions:

Alternative Hypothesis

The hypothesis that proposes a specific relationship between variables, tested against the null hypothesis in statistical analysis.

One-sample Z-test

A statistical test used to determine whether the mean of a sample significantly differs from a known or hypothesized population mean.

Possible Means

The various average values that could be calculated from different subsets or populations of data.

Standard Error

A statistical measure that quantifies the accuracy with which a sample mean represents the population mean, often used in inferential statistics.