The Figure Given Below Represents the Short Run and Long

question 46

Multiple Choice

The figure given below represents the short run and long run Phillips curve.
Figure 14.4

-Refer to Figure 14.4. A movement from point A to point C would be associated with an:

• A) outward shift of both the aggregate demand and the aggregate supply curve.
• B) outward shift of the aggregate supply curve and an inward shift of the aggregate demand curve.
• C) outward shift of the aggregate demand curve and an inward shift of the aggregate supply curve.
• D) outward shift of the aggregate demand curve but no change in the aggregate supply curve.
• E) inward shift of both the aggregate demand and the aggregate supply curve

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