Suppose that a fall in commodity prices causes a supply shock. The Phillips curve will:
A)shift downward.
B)shift downward
C)show a movement along the curve.
D)show a movement along the curve
E)not be affected at all
F)not be affected at all.
G)shift upward
H)shift upward.

Question

Quizplus · Accepted Answer

The Answer of Suppose that a fall in commodity prices causes a supply shock. The Phillips curve will:
A)shift downward.
B)shift downward
C)show a movement along the curve.
D)show a movement along the curve
E)not be affected at all
F)not be affected at all.
G)shift upward
H)shift upward.

Suppose That a Fall in Commodity Prices Causes a Supply