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:

Discount Coupons

Marketing tools that offer consumers a reduction in the price of goods or services, often used to stimulate sales or attract new customers.

Upscale Department Store

A retail establishment offering high-quality products and services to affluent customers, characterized by luxury brands and superior customer service.

Touch Point

Any point at which a customer and the company come into contact.

Customer

A person or organization that buys goods or services from a store or business.