Refer to Figure 16.2.For the given Phillips curve,a decrease in aggregate demand,ceteris paribus,could cause a
A)Movement from point A to point B.
B)Rightward shift in the curve.
C)Movement from point B to point A.
D)Leftward shift in the curve.

Question

Refer to Figure 16.2.For the given Phillips curve,a decrease in aggregate demand,ceteris paribus,could cause a
A)Movement from point A to point B. 
B)Rightward shift in the curve. 
C)Movement from point B to point A. 
D)Leftward shift in the curve.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 16.2.For the given Phillips curve,a decrease in aggregate demand,ceteris paribus,could cause a
A)Movement from point A to point B. 
B)Rightward shift in the curve. 
C)Movement from point B to point A. 
D)Leftward shift in the curve.