Assume that the unemployment rate rises. What is the impact on the short run Phillipscurve?O It will shift up.O There will be movement along the curve to the left.O There will be movement along the curve to the right.OIt will shift down.Show Transcribed TextThe following equations describes an economy:Y=C+I+G+ NXC = 250 +0.7*(1-t)Yt = 0.21 = 300G = 60NX = 40Which of the following statements is true?O If exports increase by 10, equilibrium Y will increase by 33.O Without any changes, the equilibrium level of Y is 2167.O If government spending increases by 40, equilibrium Y will increase by 46.51.The value of the government spending multiplier is 2.27.Show Transcribed Text

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Assume that the unemployment rate rises. What is the impact on the short run Phillips curve? It will shift up. There will be movement along the curve to the left. O There will be movement along the curve to the right. O It will shift down. Show Transcribed Text

Assume that the unemployment rate rises. What is the impact on the short run Phillips curve? It will shift up. There will be movement along the curve to the left. O There will be movement along the curve to the right. O It will shift down. Show Transcribed Text

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that the unemployment rate rises. What is the impact on the short run Phillips
curve?
O It will shift up.
O There will be movement along the curve to the left.
O There will be movement along the curve to the right.
OIt will shift down.
Show Transcribed Text
The following equations describes an economy:
Y=C+I+G+ NX
C = 250 +0.7*(1-t)Y
t = 0.2
1 = 300
G = 60
NX = 40
Which of the following statements is true?
O If exports increase by 10, equilibrium Y will increase by 33.
O Without any changes, the equilibrium level of Y is 2167.
O If government spending increases by 40, equilibrium Y will increase by 46.51.
The value of the government spending multiplier is 2.27.
Show Transcribed Text

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Sub : EconomicsPls answer fast.I ll upvote. Thank You
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