Multiple Choice
During a recession, there is a ________ the short-run Phillips curve, while during an expansion there is a ________ the short-run Phillips curve.
A) movement closer to; movement further from
B) downward movement along; upward movement along
C) upward movement along; downward movement along
D) rightward shift of; leftward shift of
E) leftward shift of; rightward shift of
Correct Answer:

Verified
Correct Answer:
Verified
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