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:

Ileus

A temporary cessation of bowel motility, leading to obstruction symptoms without a physical blockage in the intestines.

Peristalsis

The involuntary constriction and relaxation of the muscles in the intestine or another canal, creating wave-like movements that push contents forward.

Anemia

A condition in which there is a deficiency of red cells or of hemoglobin in the blood, leading to fatigue, weakness, and shortness of breath.

Hemoglobin and Hematocrit

Hemoglobin is a protein in red blood cells carrying oxygen, whereas hematocrit is the ratio of the volume of red cells to the total volume of blood.