10. Topic 10(COLON) Macroeconomic Objectives(COLON) Growth, Unemployment and Inflation

Lesson 10.4: The Phillips Curve And Policy Trade-offs — Quiz

Test your understanding of lesson 10.4: the phillips curve and policy trade-offs with 5 practice questions.

Practice Questions

Question 1

What does the short-run Phillips curve illustrate?

Question 2

In the context of the Phillips curve, what is meant by the natural rate of unemployment?

Question 3

Which of the following can lead to a shift in the Phillips curve?

Question 4

What happens to unemployment and inflation during an expansionary monetary policy?

Question 5

How does the long-run Phillips curve differ from the short-run Phillips curve?