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

question 37

Multiple Choice

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

• A)the money supply growth rate increased or if effective job-training programs were implemented.
• B)the money supply growth rate increased,but not if effective job-training programs were implemented.
• C)effective job-training programs were implemented,but not if the money supply growth rate increased.
• D)None of the above is correct.

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Definitions:

Interpersonal Skills

Interpersonal skills are the abilities required to effectively communicate, interact, and work with individuals and groups.

Alcohol Consumption

The act of drinking beverages containing ethanol, which can have varying social, cultural, and health impacts depending on the quantity and frequency of consumption.

Cognitive Dissonance

The mental discomfort or stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Social Learning

A theory that proposes learning occurs within a social context and that people learn from one another through observation, imitation, and modeling.