A rightward shift of the aggregate demand curve leads to
A) an upward movement along the short-run Phillips curve.
B) neither a movement along nor a shift in the short-run Phillips curve.
C) a downward movement along the short-run Phillips curve.
D) a leftward shift of the short-run Phillips curve.
E) a rightward shift of the short-run Phillips curve.
A
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At all points below the current LM curve,
A) the supply of output exceeds output demand. B) the supply of output falls short of output demand. C) the supply of money falls short of money demand. D) the supply of money exceeds money demand.
Technological advances in recycling make it possible to produce a greater quantity of paper from a given quantity of recycled newspapers. Predict the likely impact on the supply curve for paper. a. There is a movement down along the supply curve. b. There is a movement up along the supply curve. c. The supply curve shifts to the left
d. The supply curve shifts to the right.