Multiple Choice
What movement would occur on an economy's simple Phillips curve when the economy's aggregate demand curve shifts to the right? There would be a movement to a _____ point on the curve with:
A) lower; higher unemployment and lower inflation.
B) higher; higher unemployment and lower inflation.
C) lower; lower unemployment and higher inflation.
D) higher; lower unemployment and higher inflation.
Correct Answer:

Verified
Correct Answer:
Verified
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