The Short-Run Phillips Curve Could Shift to the Left as a Result

question 66

Multiple Choice

The short-run Phillips curve could shift to the left as a result of either ____ or ____.

• A)​rising oil prices; increasing inflation expectations
• B)​rising wages; falling prices
• C)​declining oil prices; falling inflation expectations
• D)​falling wages; rising prices

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Definitions:

ADP

Adenosine Diphosphate, a compound involved in energy transfer within cells, produced through the breakdown of ATP (Adenosine Triphosphate).

Isotonic Solution

A solution that has the same osmotic pressure as the fluid in a cell, leading to no net movement of water into or out of the cell.

Red Blood Cells

The cells in the blood primarily responsible for carrying oxygen from the lungs to the rest of the body, using the protein hemoglobin.

Hypertonic

Describes a fluid that has a high overall solute concentration relative to another fluid.