The Short-Run Phillips Curve Will Not Shift Unless There Is

question 111

Multiple Choice

The short-run Phillips curve will not shift unless there is

• A)an increase in the unemployment rate.
• B)an increase in inflation that is unanticipated.
• C)a decrease in inflation that is unanticipated.
• D)a change in inflation expectations.

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Definitions:

Birth Defect

A physical or biochemical abnormality that is present at birth and that may affect bodily functions or appearance.

Prenatal Development

The process of growth and development within a woman's uterus before birth.

Embryonic Period

A critical phase of development in early pregnancy, extending from fertilization to the end of the 8th week, during which the basic structures and organs of the organism begin to form.

Fetal Period

The stage of human development inside the womb from the end of the embryonic stage (approximately 9 weeks after conception) to birth.