An Economy's Short-Run Phillips Curve Will Shift Up in Response

question 109

Multiple Choice

An economy's short-run Phillips curve will shift up in response to:

• A)a change in the inflation rate.
• B)an increase in the unemployment rate.
• C)an increase in expected inflation.
• D)a contractionary fiscal policy.

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Definitions:

Exclusionary Rule

A legal principle in the United States that prevents evidence collected or analyzed in violation of the defendant's constitutional rights from being used in a court of law.

Purpose

The reason for which something is done or created or for which something exists, often driving motivation and goals in personal and organizational contexts.

Lemon Test

A three-part test developed by the Supreme Court to evaluate whether a government's action is in violation of the Establishment Clause of the First Amendment.

Purpose

The reason for which something is done or created or for which something exists.