Multiple Choice
How will a favourable supply shock shift the short-run Phillips curve and how does it change inflation?
A) It will shift the short-run Phillips curve right and raise inflation.
B) It will shift the short-run Phillips curve right and lower inflation.
C) It will shift the short-run Phillips curve left and raise inflation.
D) It will shift the short-run Phillips curve left and lower inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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