Multiple Choice
An improved functioning of the labor markets will shift
A) both the long-run Phillips curve and the long-run aggregate supply curve to the right.
B) both the long-run Phillips curve and the long-run aggregate supply curve to the left.
C) the long-run Phillips curve to the right and the long-run aggregate supply curve to the left.
D) the long-run Phillips curve to the left and the long-run aggregate supply curve to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: How does a central bank's accommodation of
Q3: According to the Phillips curve, which fiscal
Q4: A central bank disinflates. Output falls by
Q5: An increase in the natural rate of
Q6: Why does a downward-sloping Phillips curve imply
Q7: Suppose that the economy is at an
Q8: If monetary policy moves unemployment below its
Q9: According to the Phillips curve, policymakers would
Q10: If a central bank increases the money
Q11: In the long run, policy that changes