An increase in the misery index would definitely result from
A. A rightward shift of the Phillips curve.
B. A leftward shift of the Phillips curve.
C. A movement along the Phillips curve toward greater inflation.
D. A movement along the Phillips curve toward greater unemployment.
Answer: A
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A. monetary; fiscal B. monetary; international C. fiscal; monetary D. fiscal; international
What are the main arguments for and against Fed independence?
What will be an ideal response?
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a. increased productivity b. investing in human capital c. possessing a special talent or skill d. all of the above
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