Which of the Following Shifts the Long-Run Phillips Curve Left

question 39

Multiple Choice

Which of the following shifts the long-run Phillips curve left?

• A)both an increase in the inflation rate and a decrease in the minimum wage rate
• B)an increase in the inflation rate,but not a decrease in the minimum wage rate
• C)a decrease in the minimum wage rate,but not an increase in the inflation rate
• D)neither a decrease in the minimum wage rate nor an increase in the inflation rate

---

Definitions:

Federal Government

The national government of the United States, created by the Constitution, that encompasses the executive, legislative, and judicial branches.

Welfare Of The People

The general health, happiness, and safety of the population, often considered a primary goal of government policies and social programs.

Liberty

The condition in society where one faces no oppressive limitations from authorities on their lifestyle, conduct, or political stances.

Latin American Nations

Countries in the Americas where Romance languages (predominantly Spanish and Portuguese) are spoken, sharing related cultures and historical ties.