Multiple Choice
The immediate effects of a discretionary increase in government spending are represented by a:
A) rightward shift of the aggregate demand curve.
B) leftward shift of the aggregate demand curve.
C) rightward shift of the Phillips curve.
D) leftward shift of the Phillips curve.
E) movement along the Phillips curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: An economy that self-corrects a recessionary gap
Q22: Inflation target refers to the commitment of
Q23: Before discovering that the short-run Phillips curve
Q24: Advocates of the active approach believe that
Q25: If rational expectations cause people's price expectations
Q27: An implementation lag is the time it
Q28: Those who favor an active approach to
Q29: During the period _,the short-run Phillips curve
Q30: The country of Glassen has experienced an
Q31: An increase in the expected inflation rate