AP Macro: Phillips Curve

AP Macro: Phillips Curve

11th - 12th Grade

30 Qs

quiz-placeholder

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AP Macro: Phillips Curve

AP Macro: Phillips Curve

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Jason Lee

Used 38+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when prices rise and output falls

Inflation
Deflation
Recession
Stagflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To reduce inflation what must a nation endure?

High unemployment
Stagflation
Recession
Depression

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A to C on the phillips curve is reflected on the aggregate model by which of the following shifts.

R to Q

R to M

N to M

Q to N

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How would a shift from M (green) to N (red) on the aggregate model be shown on the Phillips curve?

A to C

Shift the SRPC downward (left)

Move the Long Run Phillips Curve

Shift the SRPC upward (right)

A to B

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

N(red) to Q (yellow) on the aggregate model is shown on the Phillips Curve as

A to B

B to C

A to C

C to A

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The economy is currently at point Q (yellow) on the aggregate model. If Expansionary Monetary Policy is used to reduce unemployment, how will this change be shown on the Phillips Curve?

A to C

Shift the SRPC downward (left)

Move the Long Run Phillips Curve

Shift the SRPC upward (right)

B to A

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The economy is currently at point Q (yellow) on the aggregate model. If Expansionary Fiscal Policy is used to reduce unemployment, how will this change be shown on the Phillips Curve?

A to C

Shift the SRPC downward (left)

Move the Long Run Phillips Curve

Shift the SRPC upward (right)

B to A

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