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Which of the Following Would Shift the Short-Run Phillips Curve

Question 151

Multiple Choice

Which of the following would shift the short-run Phillips curve to the left?

A) a positive supply shock
B) an increase in inflationary expectations
C) an negative supply shock
D) either (a) or (c)

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Q152: Exhibit 19-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 19-1