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
You might also like to view...
Resources employed to persuade government to redistribute income and wealth to special interests are unproductive
a. True b. False
It's logical, it's a rule of thumb, it's an economic guideline: By producing at a quantity where MR = MC,
a. profit is guaranteed b. profit becomes zero c. the firm incurs a loss d. profit is maximized (or loss minimized) e. the firm should increase quantity
Supply and demand both tend to be more elastic in the long run and more inelastic in the short run
a. True b. False Indicate whether the statement is true or false
A television broadcast is an example of a good that is
a. private. b. not rival in consumption. c. social. d. normal.