A Decrease the Price of Foreign Oil

question 16

Multiple Choice

A decrease the price of foreign oil

• A)shifts the short run Phillips curve downward, and makes the unemployment inflation trade-off less favourable.
• B)shifts the short run Phillips curve upward, and makes the unemployment inflation trade-off less favourable.
• C)shifts the short run Phillips curve upward, and makes the unemployment inflation trade-off more favourable.
• D)shifts the short run Phillips curve downward, and makes the unemployment inflation trade-off more favourable.

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