The Long-Run Phillips Curve Would Shift to the Left If

question 37

Multiple Choice

The long-run Phillips curve would shift to the left if

• A)the money supply growth rate increased or if effective job-training programs were implemented.
• B)the money supply growth rate increased,but not if effective job-training programs were implemented.
• C)effective job-training programs were implemented,but not if the money supply growth rate increased.
• D)None of the above is correct.

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Definitions:

Job Cost Sheet

A document that records and tracks the costs associated with a specific job or project.

Direct Labor Costs

The wages and other benefits paid to workers who are directly involved in the production of goods or services.

Marketing Department

The marketing department is responsible for creating, communicating, delivering, and exchanging offerings that have value for customers and clients.

Work in Process Inventory

Goods that are in the process of being manufactured but are not yet complete, representing a component of a manufacturer's inventory.