Which of the following best explains the negative slope of the short run

Which of the following best explains the negative

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14) Which of the following best explains the negative slope of the short-run Phillips curve?A) Aggregate demand grows so quickly that the inflation rate rises as unemployment rises.B) Long-run aggregate supply increases quickly enough that inflation falls as unemploymentalso falls.C) Short-run aggregate supply increases at the same pace as aggregate demand increases sothat inflation and unemployment do not change.D) Weak growth in aggregate demand keeps the economy below potential GDP, sounemployment rises but inflation falls.Answer: D14)Page Ref: 987/605Learning Outcome: Macro-14: Identify different types and measures of unemployment and discuss its causes.4
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15) If the Phillips curve represents aʺstructural relationship,ʺthen15)Page Ref: 988/606Learning Outcome: Macro-14: Identify different types and measures of unemployment and discuss its causes.16) According to the short-run Phillips curve, which of the following would result in low rates ofunemployment?16)Page Ref: 987/605Learning Outcome: Macro-14: Identify different types and measures of unemployment and discuss its causes.17) What is aʺstructuralʺrelationship?17)Page Ref: 988/606Learning Outcome: Macro-1: Define macroeconomics and identify its basic concerns.18) What is the natural rate of unemployment?A) the unemployment rate that exists when the economy is at a trough in a business cycleB) any unemployment rate that is above the inflation rateC) an unemployment rate of 0%D) the unemployment rate that exists when the economy is at potential GDPAnswer: D18)Page Ref: 988/606Learning Outcome: Macro-14: Identify different types and measures of unemployment and discuss its causes.19) In the long run, the Phillips curve is a ________ at ________.19)Page Ref: 988/606Learning Outcome: Macro-14: Identify different types and measures of unemployment and discuss its causes.5
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