How Does the Short-Run Phillips Curve Reflect a Financial Crisis

question 135

Multiple Choice

How does the short-run Phillips curve reflect a financial crisis such as the one in 2008-2009?

• A) as a leftward shift in the short-run Phillips curve
• B) as a rightward shift in the short-run Phillips curve
• C) as a downward movement along the short-run Phillips curve
• D) as an upward movement along the short-run Phillips curve

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