Multiple Choice
Which of the following corresponds to a movement downward along a short-run Phillips curve?
A) The aggregate demand curve shifts rightward, moving up along a short-run aggregate supply curve.
B) The aggregate demand curve shifts leftward, moving down along a short-run aggregate supply curve.
C) The short-run aggregate supply curve shifts rightward, moving down along the aggregate demand curve.
D) The short-run aggregate supply curve shifts leftward, moving up along the aggregate demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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