The Phillips Curve will shift when
A. the expected inflation rate changes.
B. the overall employment rate remains unchanged.
C. the price level falls.
D. none of these.
Answer: A
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The Board of Governors of the Federal Reserve System has how many governors?
A) 1 B) 5 C) 7 D) 12
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a. $500,000 b. $750,000 c. $250,000 d. $1,250,000
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