Unemployment compensation is an example of a(n):
a. discretionary stabilizer.
b. countercyclical stabilizer.
c. procyclical stabilizer.
d. seasonal stabilizer.
e. automatic stabilizer.
Question 2
On a Phillips curve diagram, an increase in the rate of inflation, other things being equal, is represented by a(n):
a. upward movement along the Phillips curve.
b. downward movement along the Phillips curve.
c. upward shift of the Phillips curve.
d. downward shift of the Phillips curve.