In the Early 1970s,the Short-Run Phillips Curve Shifted

question 20

Multiple Choice

In the early 1970s,the short-run Phillips curve shifted

• A)rightward as inflation expectations rose.
• B)rightward as inflation expectations fell.
• C)leftward as inflation expectations rose.
• D)leftward as inflation expectations fell.

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Definitions:

Recognizance

A legal obligation where an individual promises to do something, such as appear in court, without posting bail.

Bail

The amount of money or conditions set by the court to ensure that an individual accused of a crime will appear for further criminal proceedings. If the accused person provides bail, whether in cash or by means of a bail bond, then the person is released from jail.

Police Log

A public record maintained by law enforcement agencies detailing daily activities, incidents, and responses.

Booking

The process of recording an individual's entry into the detention or jail system following an arrest.