If There Is a Temporary Adverse Supply Shock,then the Short-Run

question 57

Multiple Choice

If there is a temporary adverse supply shock,then the short-run Phillips curve shifts to the

• A)right.It remains to the right regardless of monetary policy.
• B)right.It remains to the right if the central bank pursues expansionary monetary policy.
• C)left.It remains to the left regardless of monetary policy.
• D)left.It remains to the left if the central bank pursues expansionary monetary policy.