An increase in the expected inflation rate will:
a. shift the short-run Phillips curve upward and to the right
b. shift the short-run Phillips curve downward and to the left.
c. not shift the short-run Phillips curve unless the unemployment rate changes.
d. cause the unemployment rate associated with each inflation rate to decrease.
e. tend to increase production unless the actual inflation rate also increases.
a
You might also like to view...
Which of the following statements accurately reflects research findings on the distribution of colonial wealth?
a. The poorest 20 percent of colonist controlled nearly 20 percent of colonial wealth. b. Distributional inequality tended to be greater in rural areas than in cities, particularly in New England. c. Colonial wealth was distributed more unequally in the Middle colonies than in the South or New England. d. The opportunity for income mobility was probably greater in the colonies than in England.
For which pair of firms would a merger be horizontal?
a. Avis Rentals and United Airlines b. Rawlings and Nike c. Barnes and Noble and Wordsworth Booksellers d. Starbucks and Baskin and Robbins e. Samuel Adams and Samsonite
Which of the statements best describes why the aggregate demand curve is downward sloping?
a. As the aggregate price level increases, consumer expectations about the future change. b. As the aggregate price level decreases, the stock of existing physical capital increases. c. An increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. e. As a good's price increases, holding all else constant, the good's quantity demanded decreases.
The industrial revolution began in
A. England. B. The United States. C. Germany. D. Japan.