If the ________ Curve Shifts from Year to Year and the ________

question 148

Multiple Choice

If the ________ curve shifts from year to year and the ________ curve does not, then the short run Phillips curve would be downward sloping.

• A) aggregate demand; aggregate supply
• B) aggregate supply; aggregate demand
• C) employment; inflation
• D) inflation; employment

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Definitions:

Picture

A visual representation or image captured by a camera, painted, drawn, or otherwise created, that visually depicts a scene, person, or concept.

Peak Performance

Peak performance describes a state in which an individual or organization operates at the highest level of effectiveness and efficiency.

Monotony

The quality or state of being tediously unchanging or repetitive, often leading to boredom or disinterest.

Engaged

Being actively involved or committed to a particular activity or cause.