In 1973, the Organization of the Petroleum Exporting Countries (OPEC) lowered oil production, and this raised oil prices sharply. What impact did this have on the Phillips curve? Use a graph of the Phillips curve in your answer.

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The Answer of In 1973, the Organization of the Petroleum Exporting Countries (OPEC) lowered oil production, and this raised oil prices sharply. What impact did this have on the Phillips curve? Use a graph of the Phillips curve in your answer.