Hello! I can\'t seem to get this one for Macroeconomics. Thank you! Question: Th
ID: 1194271 • Letter: H
Question
Hello! I can't seem to get this one for Macroeconomics. Thank you!
Question:
The government of Murkland considers two policies. Policy A would shift AD right by 300 units while policy B would shift AD right by 200 units. According to the short-run Phillips curve, policy A will lead...
a.
to a lower unemployment rate and a lower inflation rate than policy B.
b.
to a lower unemployment rate and a higher inflation rate than policy B.
c.
to a higher unemployment rate and lower inflation rate than policy B.
d.
to a higher unemployment rate and higher inflation rate than policy B.
a.
to a lower unemployment rate and a lower inflation rate than policy B.
b.
to a lower unemployment rate and a higher inflation rate than policy B.
c.
to a higher unemployment rate and lower inflation rate than policy B.
d.
to a higher unemployment rate and higher inflation rate than policy B.
Explanation / Answer
The government of Murkland considers two policies. Policy A would shift AD right by 300 units while policy B would shift AD right by 200 units. According to the short-run Phillips curve, policy A will lead...
b. to a lower unemployment rate and a higher inflation rate than policy B.
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