On the modern Phillips curve, the initial impact of productivity ...

[@Brianna17]

On the modern Phillips curve, the initial impact of productivity improvements that lower the costs of production is shown by ________.
 
  A) an upward movement along the Phillips curve to a higher inflation rate
  B) an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
  C) a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
  D) a downward movement along the Phillips curve to higher unemployment rates
  E) none of the above

Question 2

A haircut (in finance) is ________.
 
  A) the payment of a block of funds as part of a refinancing arrangement
  B) the percentage by which the value of collateral exceeds the value of the loan
  C) the issue of equities rather than debt in acquiring access to money capital
  D) the immediate end of lending to subprime borrowers

[Beatricemm]

Answer to Question 1

C

Answer to Question 2

B