6. Long-Run Consequences of Stabilization Policies
The Phillips Curve — Quiz
Test your understanding of the phillips curve with 5 practice questions.
Practice Questions
Question 1
What does the short-run Phillips Curve show a relationship between?
Question 2
According to the basic Phillips Curve idea, what tends to happen when unemployment falls in the short run?
Question 3
Which of the following best describes a movement along the short-run Phillips Curve?
Question 4
What is a common cause of the short-run Phillips Curve shifting upward?
Question 5
In the long run, what is the relationship between inflation and unemployment on the Phillips Curve?