Solved

In the United States During the Late 1990s, the Unemployment

Question 66

Multiple Choice

In the United States during the late 1990s, the unemployment rate fell from previous years and the inflation rate was lower than in previous years. This set of events is best described by saying that the


A) long-run Phillips curve shifted rightward.
B) economy moved to a lower point on its short-run Phillips curve but the short-run Phillips curve did not shift.
C) short-run Phillips curve shifted downward.
D) short-run Phillips curve shifted upward.
E) economy moved to a higher point on its short-run Phillips curve but the short-run Phillips curve did not shift.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents