List Three Things That Shift the Short-Run Phillips Curve to the Right

question 58

Short Answer

List three things that shift the short-run Phillips curve to the right.

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Definitions:

Potential Employers

Businesses or individuals that might hire workers, offering employment opportunities within the labor market.

Superstar Phenomenon

A market situation where the best performers or highest-quality products earn disproportionately high rewards compared to competitors, often observed in industries like entertainment and sports.

Professional Athletes

Individuals who compete in sports activities as their main occupation and receive financial compensation for their performance and endorsements.

Amateur Athletes

Individuals who engage in sports competitions without receiving payment or financial gain for their performance.