Which of the following would shift the long-run Phil... - Solved MCQs & Answer

1184EconomicsMedium

Which of the following would shift the long-run Phillips curve to the right?

AAn increase in the minimum wage

BAn increase in the price of foreign oil

CAn increase in the aggregate demand

DAn increase in the expected inflation

Correct answer

A. An increase in the minimum wage

Explanation

The correct answer is An increase in the minimum wage.

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