Demand-Side Inflation Results in a Downward-Sloping Phillips Curve When the

question 9

Multiple Choice

Demand-side inflation results in a downward-sloping Phillips curve when the

• A) aggregate demand curve slopes downward.
• B) aggregate supply curve shifts to the left.
• C) aggregate demand curve does not shift to the right or the left.
• D) aggregate supply curve slopes upward.
• E) price level is constant.

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