Multiple Choice
How will an adverse supply shock shift the short-run Phillips curve, and how will it change unemployment?
A) It will shift the short-run Phillips curve right and raise unemployment.
B) It will shift the short-run Phillips curve right and lower unemployment.
C) It will shift the short-run Phillips curve left and raise unemployment.
D) It will shift the short-run Phillips curve left and lower unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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