The Short-Run Tradeoff Between the Unemployment Rate and the Inflation

Multiple Choice

The short-run tradeoff between the unemployment rate and the inflation rate shown by the Phillips curve is represented in the AS-AD model by

A) the upward-sloping aggregate supply curve.
B) the vertical potential GDP line.
C) the downward-sloping aggregate demand curve.
D) rightward shifts of the aggregate supply curve.
E) leftward shifts of the aggregate supply curve.