Use the following to answer questions .
Exhibit: AD-AS and the Inflation-Unemployment Cycle 
-(Exhibit: AD-AS and the Inflation-Unemployment Cycle) Over time, the aggregate supply curve shifts from SRAS1 to SRAS2
Because of
A) rising output prices.
B) economic agents adjust their expectations regarding prices and wages downwards.
C) a fall in nominal wages.
D) economic agents adjust their expectations regarding prices and wages upwards.
Correct Answer:
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Q53: Use the following to answer questions .
Exhibit:
Q54: The Phillips phase of the inflation-unemployment relationship
Q55: Use the following to answer questions .
Exhibit:
Q56: In a recovery phase, a falling rate
Q57: Use the following to answer questions .
Exhibit:
Q59: The critical feature of a
A) Phillips phase
Q60: Use the following to answer questions .
Exhibit:
Q61: Consider the following statement: "President X expressed
Q62: Use the following to answer questions .
Exhibit:
Q63: Using the equation of exchange, if velocity
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