Moving upward along the aggregate supply curve is equivalent to
A) moving downward along the short-run Phillips curve.
B) shifting the short-run Phillips curve leftward.
C) shifting the short-run Phillips curve upward.
D) moving upward along the short-run Phillips curve.
E) shifting the short-run Phillips curve rightward.
D
Economics
You might also like to view...
Inefficiency occurs when an economy is operating outside its production possibilities curve.
a. true b. false
Economics
Australia is a net exporter of wool, free trade will benefit the ________.
A. poor citizens of the Australia B. domestic producers C. rich citizens of the Australia D. domestic consumers
Economics