The Short-Run Phillips Curve Shows the Combinations of

question 32

Multiple Choice

The short-run Phillips curve shows the combinations of

• A)unemployment and inflation that arise in the short run as aggregate demand shifts the economy along the short-run aggregate supply curve.
• B)unemployment and inflation that arise in the short run as short-run aggregate supply shifts the economy along the aggregate demand curve.
• C)real GDP and the price level that arise in the short run as short-run aggregate supply shifts the economy along the aggregate demand curve.
• D)None of the above is correct.