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Allied ECN151 Module 8 Check Your Understanding
- Exam (elaborations) • 6 pages • 2018
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- $15.49
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Question
Question Points
1. A favorable supply shock will cause:
a. unemployment to rise and the short-run Phillips curve to shift right.
b. unemployment to rise and the short-run Phillips curve to shift left.
c. unemployment to fall and the short-run Phillips curve to shift right.
d. unemployment to fall and the short-run Phillips curve to shift left.
2. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for:
a. the slope of short-run aggregate supply.
b. the...
-
Allied ecn151 Module 8 Check Your Understanding
- Exam (elaborations) • 6 pages • 2017
-
- $15.49
- + learn more
Question
Question Points
1. A favorable supply shock will cause:
a. unemployment to rise and the short-run Phillips curve to shift right.
b. unemployment to rise and the short-run Phillips curve to shift left.
c. unemployment to fall and the short-run Phillips curve to shift right.
d. unemployment to fall and the short-run Phillips curve to shift left.
2. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for:
a. the slope of short-run aggregate supply.
b. the...
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