When a movement up along the aggregate supply curve occurs, there is also
A)no movement along nor a shift in the short-run Phillips curve.
B)a rightward shift of the short-run Phillips curve.
C)a movement up along the short-run Phillips curve.
D)a movement down along the short-run Phillips curve.
E)a leftward shift of the short-run Phillips curve.

Question

Quizplus · Accepted Answer

A movement up along the aggregate supply curve typically indicates an increase in the price level and output, which corresponds to a movement up along the short-run Phillips curve, reflecting higher inflation and lower unemployment.

When a Movement Up Along the Aggregate Supply Curve Occurs