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Factors That Shift the Phillips Curve

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following would NOT lead to a shift of the short-run Phillips curve?

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1. What will an increase in aggregate supply do economically?

2. When technology improves across the economy, how and why will the short-run Phillips Curve move?

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About This Quiz & Worksheet

This interactive quiz and printable worksheet will help check your understanding of the Phillips Curve. Assessment items will focus on how various trends affect the Phillips Curve and other information from the lesson.

Quiz & Worksheet Goals

These assessments will test you on the following:

  • Effects of leftward shifts in the aggregate supply curve
  • How technology improvement effects the short-run Phillips Curve
  • Effects of an increase in aggregate supply

Skills Practiced

Practiced skills include:

  • Information Recall - access the knowledge you've gained regarding what can lead to a shift of the short-run Phillips Curve
  • Reading Comprehension - ensure that you draw the most important information from the lesson on the Phillips Curve
  • Knowledge Application - use your knowledge to answer questions about what a negative supply shock does to the Phillips Curve

Additional Learning

Review the lesson, Factors That Shift the Phillips Curve, to learn about shifts in the Phillips Curve. Objectives covered include:

  • Define Phillips Curve
  • Review events that can cause a shift to the right in the Phillips Curve
  • Know the events that can cause a leftward shift in the Phillips Curve
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