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:

Flexible Work Arrangement

Employment terms that allow for variations in working hours, locations, or schedules to accommodate employees' needs and improve work-life balance.

Compressed Workweek

A work schedule that allows an employee to work a full-time job in fewer than the conventional five days.

Flexibility

The ability to adapt to new, changing, or challenging circumstances, often valued in both personal and professional contexts.

Reduces

To diminish in size, amount, extent, or degree, often in reference to making something less severe or complex.