A supply shock:
A) moves our economy along the short-run aggregate supply curve.
B) moves us along the short-run Phillips curve.
C) shifts the short-run Phillips curve.
D) shifts the short-run aggregate supply curve but not the short-run Phillips curve.
Correct Answer:
Verified
Q79: Use the following to answer questions:
Q80: If an economy has just had a
Q81: Each point on a Phillips curve is
Q82: Okun's law suggests that a _% increase
Q83: The short-run Phillips curve shows:
A) a direct
Q85: Along a Phillips curve:
A) consumption depends on
Q86: The relationship between the output gap and
Q87: The notion that there is a trade-off
Q88: According to the short-run Phillips curve, when
Q89: The natural rate of unemployment is 4%,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents