What Movement Would Occur on an Economy's Simple Phillips Curve

question 71

Multiple Choice

What movement would occur on an economy's simple Phillips curve when the economy's aggregate demand curve shifts to the right? There would be a movement to a _____ point on the curve with:

• A) lower; higher unemployment and lower inflation.
• B) higher; higher unemployment and lower inflation.
• C) lower; lower unemployment and higher inflation.
• D) higher; lower unemployment and higher inflation.

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Definitions:

Sperm

Male reproductive cells or gametes involved in sexual reproduction, which carries the genetic information from the male to fertilize the female's ovum.

Ovum

A female reproductive cell or egg cell that, once fertilized by a sperm, can develop into a zygote.

Labia Minora

The folds of skin between the labia majora.

Uterus

A major female reproductive organ in mammals, including humans, where offspring are conceived and in which they gestate before birth.