Multiple Choice
When an economy experiences a recession there is
A) a leftward shift of the short-run Phillips curve.
B) a rightward shift of the short-run Phillips curve.
C) an upward movement along the short-run Phillips curve.
D) a downward movement along the short-run Phillips curve.
E) no change in the short-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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