An Increase in Worker Productivity Would Cause the Phillips Curve

question 236

Multiple Choice

An increase in worker productivity would cause the Phillips curve to:

• A) shift to the left.
• B) collapse about the origin.
• C) shift to the right.
• D) become linear.

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Definitions:

Cell Phones

Portable electronic devices that enable users to make voice calls, send text messages, and access various forms of digital media and internet services.

Pay Phone Industry

The business sector involved in providing public telephones that operate with the insertion of coins or by credit card payments.

Unitary Elastic

In economics, it describes a situation where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at each price level.