A Rightward Shift of the Phillips Curve Suggests That

question 20

Multiple Choice

A rightward shift of the Phillips Curve suggests that

• A)a higher rate of unemployment is associated with each level of inflation rate.
• B)a lower rate of inflation is associated with each level of unemployment rate.
• C)the aggregate supply curve has shifted to the right.
• D)the aggregate demand curve has shifted to the left.

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