An Increase in Aggregate Demand Tends to Cause a ____

question 54

Multiple Choice

An increase in aggregate demand tends to cause a ____ a short run Phillips curve at first, then cause a ____ in the short run Phillips curve as people adjust their expectations.

• A)​Movement up along; upward shift.
• B)​Movement up along; downward shift.
• C)​Movement down along; upward shift.
• D)​Movement down along; downward shift.

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Definitions:

Organisational Designs

The process of shaping an organization’s structure, roles, and networks to effectively manage and coordinate activities towards achieving its objectives.

Flexibility

The ability to adapt to changing circumstances, adjust to new instructions or conditions, and remain effective in a variety of situations.

Customers

Individuals or entities that purchase goods or services produced by a business.

Consumer Groups

Organizations or collectives that advocate for the rights and interests of consumers, often focusing on issues like product safety, quality, and fair pricing.