The Long-Run Phillips Curve Would Shift to the Left If

question 4

Multiple Choice

The long-run Phillips curve would shift to the left if

• A)the money supply growth rate increased or labor markets become more flexible.
• B)the money supply growth rate increased but not if labor markets become more flexible.
• C)labor markets become more flexible but not if the money supply growth rate increased.
• D)None of the above is correct.

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Definitions:

Tastes

The sensations produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.

Early Reflexes

Innate responses present from birth that aid in survival, such as the rooting and sucking reflexes that facilitate feeding in infants.

Function

A relation or expression that describes how one variable (the dependent variable) is related to one or more other variables (independent variables).

Cry Less

Refers to situations or individuals that exhibit a reduced frequency or intensity of crying compared to a standard or expected level.