Which of the following would correspond 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 leftward, moving up along the aggregate demand
curve.
d. The money supply curve shifts rightward for a given money demand curve.
e. Both the money demand and the money supply curves shift leftward.
b
Economics
You might also like to view...
A sudden increase in the market demand in a competitive industry leads to
a. Losses in the short-run and average profits in the long-run b. Above average profits in the short-run and average profits in the long-run c. New firms being attracted to the industry d. Demand creating supply
Economics
Which of the following factors contribute to economic growth?
a. a decline in the stock of physical capital b. the discovery of new oil reserves c. a decrease in the productivity of labor d. a decrease in the quantity of labor due to emigration
Economics