Multiple Choice
Figure 28-2 
-Refer to Figure 28-2. Suppose the Fed used expansionary policy to push short-run equilibrium to point B. If the short-run equilibrium remained at point B long enough
A) the short-run Phillips curve would shift up.
B) the short-run Phillips curve would shift down.
C) the economy would move back to point A.
D) the economy would stay at point B in the long run.
Correct Answer:
Verified
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