Which of the following will cause the Phillips curve to shift to the left?
A. Job search assistance.
B. Increasing the marginal tax rate on excess profit.
C. Increasing regulation in the economy.
D. Attacks by terrorists.
Answer: A
You might also like to view...
If there is just one producer in an industry where the average total cost curve declines throughout the output range up to where it intersects the industry demand curve: a. the industry will be a natural monopoly
b. charging a price equal to marginal cost would entail economic losses for the producer. c. charging a price equal to average cost would entail a welfare cost. d. All of the above would be true.
According to the World Bank, ________ people are classified as being in severe poverty.
A. 500,000 million B. 2.5 billion C. 100,000 million D. 800 million
If a bank has no excess reserves, the reserve requirement is 25%, and receives a $100,000 deposit, the bank can lend out
A. $100,000. B. $75,000. C. $50,000. D. $0.
If consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the MPC is
A. 0.65. B. 0.75. C. 0.80. D. 0.95.