Author Question: When an economy experiences a recession there is A) a rightward shift of the short-run Phillips ... (Read 109 times)

Collmarie · **on:** Jun 29, 2018

When an economy experiences a recession there is

A) a rightward shift of the short-run Phillips curve.
B) a leftward shift of the short-run Phillips curve.
C) no change in the short-run Phillips curve.
D) a downward movement along the short-run Phillips curve.
E) an upward movement along the short-run Phillips curve.

Question 2

Monetary policy decisions are made by the

A) Federal Open Market Committee.
B) Federal Reserve Economic Committee.
C) Congress of the United States.
D) U.S. Mint.
E) Council of Economic Advisors.