A move from point H to I would
A)raise employment substantially.
B)raise employment slightly.
C)lower employment slightly.
D)lower employment substantially.
E)have no effect on employment.

Question

Quizplus · Accepted Answer

A move from point H to I typically represents a movement along the Phillips curve, which illustrates a short-run trade-off between inflation and unemployment. However, without specific information about the direction of the move or the shape of the Phillips curve, it's impossible to determine the exact impact on employment. Therefore, without additional context, one could argue that it might have no effect on employment, as the question does not provide enough detail to ascertain the nature of the move.

A Move from Point H to I Would