Multiple Choice
If the ________ curve shifts from year to year and the ________ curve does not, then the short run Phillips curve would be downward sloping.
A) aggregate demand; aggregate supply
B) aggregate supply; aggregate demand
C) employment; inflation
D) inflation; employment
Correct Answer:

Verified
Correct Answer:
Verified
Q143: If inflation expectations change, a contractionary fiscal
Q144: Refer to the information provided in Figure
Q145: Refer to the information provided in Figure
Q146: Frictional unemployment is the type that arises
Q147: Refer to the information provided in Figure
Q149: A firm may benefit by paying workers
Q150: The government raises the marginal income tax
Q151: Structural unemployment<br>A) arises from recessions.<br>B) is due
Q152: If, as a result of imperfect information,
Q153: According to the classical theory, an expansionary