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Question 11.The short run Phillips curve illustrates the _____ relationship between _____ and _____.
Question 22.What does the Phillips Curve describe?
Question 33.Which of the following would NOT lead to a shift of the short-run Phillips curve?
Question 44.In the short run, when the economy is expanding, unemployment tends to be _____ while prices tend to be _____.
Question 55.Which of the following scenarios would lead to movement up the Phillips curve?
Question 66.What will an increase in aggregate supply do economically?
Question 77.When technology improves across the economy, how and why will the short-run Phillips Curve move?
Question 88.The Phillips curve refers to the relationship between _____ and _____ in the short run.
Question 99.What relationship does the Phillips Curve illustrate?
Question 1010.What is the biggest difference between the short-run and long-run Phillips curve?
Question 1111.The short-run Phillips curve illustrates the _____ relationship between _____ and _____.
Question 1212.Supply shocks that cause a leftward shift in the aggregate supply curve will lead to which of the following?
Question 1313.What does the long-run Phillips curve represent?
Question 1414.Economists notice that aggregate demand has been rising in the past few months. How does this impact unemployment?
Question 1515.During the 1960's, what was the relationship between inflation and employment?
Question 1616.When aggregate demand increases, unemployment tends to decrease, and inflation tends to increase. How can this be illustrated?
Question 1717.When economists look at economic output, in the short run, there tends to be _____.
Question 1818.What happens when unemployment falls below the natural rate?
Question 1919.In the short run, there tends to be a tradeoff between _____ and _____.
Question 2020.What is the result of a negative supply shock?
Question 2121.Which of the following statements is true regarding the long-run Phillips curve?
Question 2222.During the 1970s, why did the Phillips curve not hold true?
Inflation and Unemployment: Tutoring Solution Chapter Exam Instructions
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