If There Is a Favourable Supply Shock, What Will Most

question 88

Multiple Choice

If there is a favourable supply shock, what will most likely happen?

• A) The aggregate supply curve and the short-run Phillips curve will both shift right.
• B) The aggregate supply curve and the short-run Phillips curve will both shift left.
• C) The aggregate supply curve will shift right, and the short-run Phillips curve will shift left.
• D) The aggregate supply curve will shift left, and the short-run Phillips curve will shift right.

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