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:

Seminal Vesicles

Seminal vesicles are male reproductive glands that produce and secrete a fluid that forms part of the semen, which provides nutrition and motility to sperm.

Prostate Gland

A gland in the male reproductive system that surrounds the neck of the bladder and urethra and produces a fluid that is a component of semen.

Bulbourethral Glands

Pea-sized glands in the male reproductive system that produce a clear, slippery fluid that lubricates and neutralizes acidity in the urethra during sexual arousal.

Glans

An anatomical term for the rounded head or tip of certain organs, like the penis or clitoris, often covered by foreskin in males.