Figure 16.1 -Refer to Figure 16.1. Following the Movement from Point a Movement

question 121

Multiple Choice

Figure 16.1

-Refer to Figure 16.1. Following the movement from point A to point B on Phillips curve III, what would cause the Phillips curve to shift so that 5 percent unemployment would be associated with 10 percent inflation?

• A) A movement up the aggregate supply curve
• B) A movement down the aggregate supply curve
• C) A movement down the aggregate demand curve
• D) An outward shift of the aggregate supply curve
• E) An inward shift of the aggregate supply curve

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