Ch19 lrc phillips curve - Study guides, Class notes & Summaries

Ch19 LRC Phillips Curve and Inflation Correct 100% Last document update:   ago

Which of the following are supply shocks that could shift the Phillips curve? I. A rise in input prices II. New technology that raises productivity III. A drop in exchange rates IV. An increase in cost-push inflation V. A decrease in demand-pull inflation I, II, and III IV and V I, II, III, IV, and V I, II, and IV - ANSWER INCORRECT: IV and V -> IV is result from supply shock (not what causes it) -> V is result from demand difference with OG??? CORRECT: I, II, and I...