When aggregate demand increases, there is a movement ________ along the AS curve and ________
A) up; an upward shift of the short-run Phillips curve
B) down; a movement down along the short-run Phillips curve
C) up; a movement up along the short-run Phillips curve
D) up; a movement down along the short-run Phillips curve
E) down; a downward shift of the short-run Phillips curve
C
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If a plant manager is tasked to reduce costs by 10% this is an example of what kind of goal?
a. strategic b. long-term c. tactical d. operational
Other things equal, appreciation of the dollar:
A. increases aggregate demand in the United States and may increase aggregate supply by reducing the prices of imported resources. B. increases aggregate demand in the United States and may decrease aggregate supply by reducing the prices of imported resources. C. decreases aggregate demand in the United States and may increase aggregate supply by reducing the prices of imported resources. D. decreases aggregate demand in the United States and may reduce aggregate supply by increasing the prices of imported resources.