Faced with an adverse supply shock, the economy experiences an aggregate-supply curve shift to the:
A) left, and this shift is associated with a shift in the short-run Phillips curve to the left
B) left, and this shift is associated with a shift in the short-run Phillips curve to the right
C) right, and this shift is associated with a shift in the short-run Phillips curve to the right
D) right, and this shift is associated with a shift in the short-run Phillips curve to the left
Correct Answer:
Verified
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