Moving ________ the Short-Run Phillips Curve Is Equivalent to Moving

question 11

Multiple Choice

Moving ________ the short-run Phillips curve is equivalent to moving ________.

• A) downward along; downward along the aggregate demand curve
• B) downward along; upward along the aggregate demand curve
• C) upward along; upward along the aggregate supply curve
• D) downward along; upward along the potential GDP line
• E) downward along; downward along the potential GDP line

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Definitions:

PLCs

Programmable Logic Controllers, industrial digital computers used for the automation of electromechanical processes, such as control of machinery on factory assembly lines.

Relay Schematic

A diagram representing the electrical connections and functions of a relay, used to facilitate understanding and troubleshooting.

Ladder Logic

A graphical programming language used to develop software for industrial control systems, resembling the schematic diagrams of relay logic hardware.