In the Conventional View, Outward Shifts of the Phillips Curve

question 39

Multiple Choice

In the conventional view, outward shifts of the Phillips Curve in the 1970s and early 1980s were caused by:

• A)adverse shocks to aggregate supply.
• B)adverse shocks to aggregate demand.
• C)an increase in the misery index.
• D)the Vietnam War.

---

Definitions:

Boomerang Method

The process of turning an objection into a reason to buy.

Paint Thinner

A solvent used to thin oil-based paints or clean up after their use, often composed of volatile organic compounds.

Boomerang Technique

A sales strategy where objections raised by a customer are turned around or used by the seller to further the argument in favor of making a sale.

Child Safety

Measures and precautions taken to protect the health and well-being of children, preventing accidents, injuries, or abuse.