The Long-Run Phillips Curve Would Shift Left If

question 98

Multiple Choice

The long-run Phillips curve would shift left if

• A)the money supply increased or if the minimum wage was reduced.
• B)the money supply increased but not if the minimum wage was reduced.
• C)the minimum wage was reduced but not if the money supply increased.
• D)None of the above is correct.

---

Definitions:

Communicating

The act or process of sharing or exchanging information, ideas, or feelings through verbal or non-verbal means.

Ideal Self

An individual's conception of themselves in terms of attributes and qualities they aspire to possess.

Real Self

The way you really are when nobody is around to approve or disapprove.

Self-Image

One's perception or mental image of oneself, which can influence confidence, behavior, and social interactions.