AP Macro Phillips Curve 5.2

AP Macro Phillips Curve 5.2

12th Grade

14 Qs

quiz-placeholder

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AP Macro Phillips Curve 5.2

AP Macro Phillips Curve 5.2

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Aaron Robinson

Used 363+ times

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Phillips curve shows what type of relationship between inflation and unemployment?

negative

positive

parabolic

symmetric

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following causes movement along the short run Phillips curve?

Any changes to aggregate supply.

Any changes to aggregate demand.

Any changes in frictional or structural unemployment

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following causes a shift in the short run Phillips curve?

Any changes to aggregate supply.

Any changes to aggregate demand.

Any changes in frictional or structural unemployment

All of the above

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following causes a shift in the long run Philips curve?

Any changes to aggregate supply.

Any changes to aggregate demand.

Any changes in frictional or structural unemployment

All of the above

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

According to the the Philips curve, if the inflation rate increases from 4% to 6%, and if the unemployment rate is 5% when the inflation rate was 4%, we can expect the unemployment rate in the short run to...

stay the same

increase to 8%

decrease to 3%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When drawing the long run Philips Curve, you would show it by

a horizontal line along the y axis.

a vertical line along the x axis

a downwards sloping line

an upwards sloping line

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The y axis when drawing a Philips Curve graph is labeled as the

unemployment rate

price level

real output

inflation rate

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