A Rightward Shift of the Phillips Curve Would Suggest That

question 86

Multiple Choice

A rightward shift of The Phillips Curve would suggest that:

• A)the productivity of labour increased.
• B)each higher rate of inflation is now associated with a higher rate of unemployment than previously.
• C)cost-push inflation decreased.
• D)a lower rate of inflation is now associated with each rate of unemployment than previously.

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Definitions:

Constructivist Accuracy

The degree to which an individual's understanding or perception of the social world is accurately constructed or formed.

Intellectual Expectancies

Beliefs or predictions about one's own capacity for learning, understanding, and intellectual growth.

Self-Efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Lay Judgments

Decisions or opinions formed by non-experts based on common sense or personal experiences.