If People in a Country That Has Had Persistently High

question 236

Multiple Choice

If people in a country that has had persistently high inflation expect it to remain high and are skeptical of promises the central bank makes, then the Phillips curve is

• A) farther to the left than otherwise. If the central bank tries to reduce inflation unemployment will rise by more than if people had believed its promises.
• B) farther to the left than otherwise. If the central bank tries to reduce inflation unemployment will rise by less than if people had believed its promises.
• C) farther to the right than otherwise. If the central bank tries to reduce inflation unemployment will rise by more than if people had believed its promises
• D) farther to the right than otherwise. If the central bank tries to reduce inflation unemployment will rise by less than if people had believed its promises..

---

Definitions:

Create An Agenda

The process of preparing a systematic list of items to be discussed or achieved in a meeting or event.

Parliamentary Proceedings

The official activities, discussions, and decisions that take place in a parliament, the law-making body of a country.

Standard Agenda Process

An organized procedure often followed in meetings, including predefined steps to achieve efficient and effective discussions and decisions.

Decision

The act of making a choice or coming to a resolution among two or more alternatives.