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MMLU-Pro / 7167 / Suppose the economy is in long-run equilibrium when a temporary expansionary…

Problem

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question

Suppose the economy is in long-run equilibrium when a temporary expansionary supply shock is felt in the economy. This changes the short-run Phillips curve the short-run unemployment rate and the long-run unemployment rate in which of the following ways? SHORT-RUN PHILLIPS CURVE     SHORT-RUN UNEMPLOYMENT     LONG-RUN UNEMPLOYMENT

category

economics

options

  1. Remains the same    Falls     Rises
  2. Remains the same     Rises     Falls
  3. Shifts up     Rises     Falls
  4. Shifts down     Rises     Rises
  5. Shifts down     Rises     Falls
  6. Shifts up     Falls     Rises
  7. Shifts up     Falls     Falls
  8. Shifts down     Falls     Falls
  9. Shifts up     Rises     Rises
  10. Shifts down     Falls     Rises

src

ori_mmlu-high_school_macroeconomics

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Source and history

Official source

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