How Does an Increase in the Aggregate Demand Translate in the Phillips

question 53

Multiple Choice

How does an increase in the aggregate demand translate in the Phillips curve model?

• A) as an upward movement along the short-run Phillips curve
• B) as a shift to the right of the short-run Phillips curve
• C) as a downward movement along the short-run Phillips curve
• D) as a shift to the left of the short-run Phillips curve

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Definitions:

Narration

The act of telling a story or describing events.

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The psychological concept referring to an individual's perception of consistency and coherence over time and across situations.

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A sentimental longing or wistful affection for the past, typically for a period or place with happy personal associations.