Higher unemployment and higher inflation rates will most likely occur with
A) A rightward shift of the Phillips curve.
B) A rightward shift of the aggregate supply curve.
C) A rightward shift of the aggregate demand curve.
Correct Answer:
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Q34: Stagflation refers to
A)Inflation resulting from lower unemployment
Q35: Demand-side policies alone result in which of
Q36: Phillips developed a curve that shows the
Q37: Which of the following is NOT an
Q38: A movement up the Phillips curve will
Q40: If the aggregate supply curve shifts to
Q41: According to supply-side theorists,taxes
A)Alter disposable income only.
B)Alter
Q42: Which of the following is likely to
Q43: According to supply-side theorists,a decrease in marginal
Q44: Supply-side tax cuts are designed to
A)Reduce marginal
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