Given a Phillips Curve with Stable and Predictable Inflation and Unemployment

question 142

Multiple Choice

Given a Phillips Curve with stable and predictable inflation and unemployment rate trade-offs, it appears that

• A) an expansionary fiscal policy can shift the curve to the left.
• B) a tight money policy can shift the curve to the right.
• C) manipulating aggregate demand through fiscal and monetary policies has the effect of causing a movement along the curve.
• D) manipulating aggregate demand through fiscal and monetary policies has the effect of shifting the curve.

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