If Aggregate Demand Decreases, the

question 43

Multiple Choice

If aggregate demand decreases, the

• A) short-run Phillips curve shifts rightward.
• B) short-run Phillips curve does not shift nor is there a movement along it.
• C) economy moves to a lower inflation rate along its short-run Phillips curve.
• D) economy moves to a higher inflation rate along its short-run Phillips curve.
• E) short-run Phillips curve shifts leftward.

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