If Aggregate Demand Increases, Thereby Leading to an Increase in Real

question 108

Multiple Choice

If aggregate demand increases, thereby leading to an increase in real GDP and inflation, there is a

• A) movement downward along the short-run Phillips curve.
• B) movement upward along the short-run Phillips curve.
• C) rightward shift in the short-run Phillips curve.
• D) leftward shift in the short-run Phillips curve.
• E) neither a movement along nor a shift in the short-run Phillips curve.

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