Allied ecn151 Module 8 Check Your Understanding
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Allied ecn151 Module 8 Check Your Understanding Allied ECN151 Module 8 Check Your Understandi 2
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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...
- Exam (elaborations)
- • 6 pages's •
-
Allied ECN151 Module 8 Check Your Understanding•Allied ECN151 Module 8 Check Your Understanding
Preview 1 out of 6 pages
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...
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...
- Exam (elaborations)
- • 6 pages's •
-
Allied ecn151 Module 8 Check Your Understanding•Allied ecn151 Module 8 Check Your Understanding
Preview 1 out of 6 pages
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...