Multiple Choice
If aggregate demand increases, thereby leading to an increase in real GDP and inflation, there is a
A) movement downward along the short-run Phillips curve.
B) movement upward along the short-run Phillips curve.
C) rightward shift in the short-run Phillips curve.
D) leftward shift in the short-run Phillips curve.
E) neither a movement along nor a shift in the short-run Phillips curve.
Correct Answer:

Verified
Correct Answer:
Verified
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