Multiple Choice
If the economy moves upward along its short-run Phillips curve, in the AS-AD diagram, this movement is shown by a
A) movement upward along the AS curve as a result of a rightward shift of the AD curve.
B) rightward shift of potential GDP.
C) movement downward along the AS curve as a result of a leftward shift of the AD curve.
D) rightward shift of the AS curve and a movement along the AD curve.
E) leftward shift of the AS curve and a movement along the AD curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The short-run Phillips curve illustrates _ relationship
Q3: On the long-run Phillips curve, the unemployment
Q4: The natural unemployment rate and the expected
Q5: The long-run Phillips curve is a vertical
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Q8: What is Okun's Law?
Q9: A surprise reduction of inflation will come
Q10: According to _, when real GDP is
Q11: Moving _ the short-run Phillips curve is
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -The long-run Phillips