Which of the following would shift the long-run Phillips curve to the right ?

Related Mcqs:

The misery index Which some commentators suggest measures the health of the economy, is ?

A. The sum of the growth rate of output and the inflation rate B. The sum of the natural rate of unemployment and the actual rate of unemployment C. The sum of the inflation rate and the central bank’s refinancing rate D. The sum of the unemployment rate and the inflation rate...

The original Phillips curve illustrates ?

A. the trade-off between inflation and unemployment B. The trade-off between output and unemployment C. The positive relationship between output and unemployment D. The positive relationship between inflation and unemployment...

Along a short-run Phillips curve, ?

A. a higher rate of inflation is associated with a lower unemployment rate B. a higher rate of growth in output is associated with a lower unemployment rate C. a higher rate of inflation is associated with a higher unemployment rate D. a higher rate of growth in output is associated with a higher unemployment … Along a short-run Phillips curve, ?Read More...

According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

A. The economy will experience an increase in inflation B. The economy will experience a decrease in inflation C. Inflation will be unaffected if price expectations are unchanging D. None of these answers...

A decrease the Price of foreign oil ?

A. Shifts the short-run Phillips curve downward and make the unemployment inflation trade-off less favorable B. Shifts the short run Phillips curve upward and makes the unemployment inflation trade-off more favorable C. Shifts the short run Phillips curve upward and makes the Unemployment inflation trade off more favorable D. Shifts the short run Phillips curve … A decrease the Price of foreign oil ?Read More...