Multiple Choice
When the aggregate supply curve shifts adversely, what happens to the relationship shown in the Phillips curve?
A) It is reinforced, and made more applicable for policy.
B) It is destroyed, and no longer applies for policy.
C) It is unchanged, although the curve becomes less steep.
D) It is unchanged, although the curve shifts inward and to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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