In the period 2011 through 2015, as the economy slowly mended, the economy experienced an ongoing pattern of falling inflation coinciding with falling unemployment.This suggests a
A)movement up and to the left along a stable Phillips curve.
B)movement down and to the right along a stable Phillips curve.
C)Phillips curve shifting to the right.
D)Phillips curve shifting to the left.

Question

Quizplus · Accepted Answer

A leftward shift of the Phillips curve indicates that for any given level of unemployment, inflation is lower, which aligns with the scenario of falling inflation and falling unemployment.

In the Period 2011 Through 2015, as the Economy Slowly