If Aggregate Demand Decreases and Expectations Regarding Inflation Remain Constant

question 240

Multiple Choice

If aggregate demand decreases and expectations regarding inflation remain constant

• A) the economy moves along the short-run Phillips curve.
• B) the short-run Phillips curve shifts to the right.
• C) the short-run Phillips curve shifts to the left.
• D) the long-run Phillips curve shifts to the right.

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