Supply Shocks Move Unemployment and Inflation in

question 301

Multiple Choice

Supply shocks move unemployment and inflation in

• A) the same directions, as the Phillips Curve suggests.
• B) opposite directions, as the Phillips Curve suggests.
• C) the same directions, which is not what the Phillips Curve suggests.
• D) opposite directions, which is not what the Phillips Curve suggests.
• E) circles.

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