Author Question: Stagflation can be explained by a a. shift in the short run Phillips curve to the left. b. shift ... (Read 32 times)

jc611 · **on:** Jun 30, 2018

Stagflation can be explained by a

a. shift in the short run Phillips curve to the left.
b. shift in the short run Phillips curve to the right.
c. a movement along the short run Phillips curve to the right.
d. a movement along the short run Phillips curve to the left.

Question 2

According to the neoclassical growth model, economic growth in the steady state occurs because of

a. increasing populations, which increase the demand for consumption.
b. exogenous increases in technology.
c. international trade.
d. active governments, which stimulate consumption through government spending.
e. all of the above.