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Social Science Clinic => Economics => Topic started by: Alygatorr01285 on Jun 29, 2018

Title: When the natural unemployment rate increases, the short-run Phillips curve ________ and the long-run ...
Post by: Alygatorr01285 on Jun 29, 2018

When the natural unemployment rate increases, the short-run Phillips curve ________ and the long-run Phillips curve ________.
 
  A) shifts rightward; shifts rightward
  B) does not shift; shifts leftward
  C) shifts rightward; does not shift
  D) shifts leftward; does not shift
  E) shifts leftward; shifts rightward

Question 2

Which of the following would result in a positive externality?
 
  A) A local government sets a maximum price on gasoline.
  B) Taco Bell adds 15 new items to its dollar menu.
  C) Medical research results in a cure for Ebola.
  D) A solar panel manufacturer raises its prices due to increased demand.

Title: When the natural unemployment rate increases, the short-run Phillips curve ________ and the long-run ...
Post by: scrocafella on Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

C

Title: Re: When the natural unemployment rate increases, the short-run Phillips curve ________ and the long
Post by: ashly728 on Dec 9, 2019

thank you!