On the Modern Phillips Curve,the Initial Impact of Productivity Improvements

question 42

Multiple Choice

On the modern Phillips curve,the initial impact of productivity improvements that lower the costs of production is shown by ________.

• A)an upward movement along the Phillips curve to a higher inflation rate
• B)an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
• C)a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
• D)a downward movement along the Phillips curve to higher unemployment rates
• E)none of the above

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Definitions:

Cones

Cells in the eye's retina known as photoreceptors work optimally in well-lit conditions and allow for the recognition of different colors.

Color Receptors

Specialized cells in the retina of the eye responsible for detecting color through the absorption of light at varying wavelengths.

Wavelengths

The length separating consecutive peaks of a wave, particularly in sound or electromagnetic waves.

Dichromatic Vision

A form of color vision deficiency where a person can perceive only two of the three basic colors.