Phillip's Curve

Phillip's Curve

12th Grade

•

24 Qs

quiz-placeholder

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Phillip's Curve

Phillip's Curve

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Easy

Created by

Wesley Sweat

Used 1+ times

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24 questions

Show all answers

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

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

5.

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The long run Philips curve is also known as the

real output rate

natural rate of inflation

natural unemployment rate

real interest rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What combinations of variables shift the short run aggregate supply curve?

changes in fiscal policy and changes in output technology

changes in monetary policy and changes inflationary expectations

changes in monetary policy and changes in fiscal policy

Changes in output technology and changes in inflationary expectations

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