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.

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Definitions:

Brown Algae

A group of photosynthetic, multicellular marine algae, including many seaweeds, in the class Phaeophyceae.

Malaria

A life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes.

Plasmodium

A genus of parasitic protozoa that causes malaria in humans and other animals, transmitted by the bite of infected Anopheles mosquitoes.

Reproduces

The biological process by which new individual organisms are created from their parents.