When a Movement Up Along the Aggregate Supply Curve Occurs

question 19

Multiple Choice

When a movement up along the aggregate supply curve occurs, there is also

• A) a movement down along the short-run Phillips curve.
• B) a movement up along the short-run Phillips curve.
• C) a rightward shift of the short-run Phillips curve.
• D) a leftward shift of the short-run Phillips curve.
• E) no movement along nor a shift in the short-run Phillips curve.

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Definitions:

Percentile Points

Points or values below which a certain percentage of observations in a dataset fall, used to measure the relative standing of a value within a dataset.

F Distribution

A probability distribution that arises in the analysis of variance and is used in hypothesis testing and confidence interval estimation for two sample variances.

F Distribution

A probability distribution used in analysis of variance (ANOVA), among other tests, describing the ratio of variances from two normally distributed populations.

Symmetrical

A characteristic of shapes, graphs, or distributions in which the two halves mirror each other when divided by a central line or point.