The Recovery Phase of the Inflation-Unemployment Cycle Is Explained by

question 120

Multiple Choice

The recovery phase of the inflation-unemployment cycle is explained by

• A)rightward shifts of the short-run aggregate supply curve in response to expansionary policies.
• B)rightward shifts of the aggregate demand curve in response to expansionary policies.
• C)leftward shifts of the short-run aggregate supply curve in response to higher prices.
• D)leftward shifts of the aggregate demand curve in response to higher prices.

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