The Long-Run Phillips Curve Would Shift to the Right If

question 95

Multiple Choice

The long-run Phillips curve would shift to the right if

• A)the money supply growth rate decreased or if labor markets become more flexible.
• B)the money supply growth rate decreased,but not if labor markets become more flexible.
• C)labor markets become more flexible,but not if the money supply growth rate decreased.
• D)None of the above is correct.

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Definitions:

Reptiles

A group of cold-blooded animals with scaly skin that typically lay eggs on land, such as snakes, lizards, crocodiles, and turtles.

Amphibians

A class of cold-blooded vertebrates that includes frogs, toads, salamanders, and newts, primarily living in moist environments.

Birds

Warm-blooded vertebrates characterized by feathers, beak with no teeth, laying hard-shelled eggs, and a high metabolic rate; members of the class Aves.

Interbreed

To mate or cross different breeds, varieties, or species of organisms, often resulting in hybrid offspring.