Multiple Choice
Refer to Figure 13.7 for the following questions.
Figure 13.7
-Suppose that the economy is at point A on the Phillips curve in Figure 13.7. If the aggregate demand curve shifts to right by the same amount as long-run aggregate supply, then the economy will:
A) remain at point A on the Phillips curve.
B) move to point B on the Phillips curve.
C) move to point C on the Phillips curve.
D) move to point D on the Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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