Which of the Following Shifts the Long-Run Phillips Curve Left

question 39

Multiple Choice

Which of the following shifts the long-run Phillips curve left?

• A)both an increase in the inflation rate and a decrease in the minimum wage rate
• B)an increase in the inflation rate,but not a decrease in the minimum wage rate
• C)a decrease in the minimum wage rate,but not an increase in the inflation rate
• D)neither a decrease in the minimum wage rate nor an increase in the inflation rate

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Definitions:

Centering Control

A method or technique used to maintain focus and balance, often applied in psychology or physical activities.

Holter Monitoring

A continuous, portable form of electrocardiography, used to record heart activity over a 24 to 48-hour period during normal activities.

Electrical Activity

The movements of electrons or charged particles, often used in contexts such as neural signals or the operation of devices.

24-Hour Period

A full day; the time it takes for the Earth to complete one full rotation relative to the sun, comprising both day and night.