An Unexpected Decrease in Aggregate Demand Will Cause

question 119

Multiple Choice

An unexpected decrease in aggregate demand will cause

• A) a movement up the short-run Phillips curve.
• B) a movement down the short-run Phillips curve.
• C) an upward shift in the short-run Phillips curve.
• D) a downward shift in the short-run Phillips curve.

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Definitions:

Fossilized Deposits

Organic or inorganic remains of organisms that have been preserved over geological time, usually in sedimentary rocks.

Hard Outer Shell

A protective external layer found in some animals, including crustaceans and certain insects, which offers defense against predators and environmental conditions.

Amoeboid Cells

Cells that move or feed by forming extensions of their cytoplasm, known as pseudopodia.

Rhizarians

A diverse supergroup of amoeboid cells that often have hard outer shells, called tests, through which cytoplasmic projections extend; include forams, actinopods, and certain shell-less amoebas.