Answer to Question #227272 in Macroeconomics for Bongiwe

Question

The PS curve will shift downwards because of a …
a. lower mark-up.
b. higher mark-up.
c. lower unemployment rate.
d. higher unemployment rate.
1. a and c
2. a and d
3. b and c
4. b and d
5. Only b

Answer 1

4. B and D

Higher mark-up which leads to a higher unemployment rate