If the Economy Moves Upward Along Its Short-Run Phillips Curve

question 17

Multiple Choice

If the economy moves upward along its short-run Phillips curve, in the AS-AD diagram, this movement is shown by a

• A)leftward shift of the AS curve and a movement along the AD curve.
• B)rightward shift of the AS curve and a movement along the AD curve.
• C)movement upward along the AS curve as a result of a rightward shift of the AD curve.
• D)rightward shift of potential GDP.
• E)movement downward along the AS curve as a result of a leftward shift of the AD curve.

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