What effect will successful supply- side measures have on the following curves?
(a) The production possibility curve
outward shift/inward shift/movement along
(b) The aggregate supply curve
rightward shift/leftward shift/movement up along/movement down along
(c) The aggregate demand curve
rightward shift/leftward shift/movement up along/movement down along
(d) The Phillips curve
rightward shift/leftward shift/movement up along/movement down along
(e) The withdrawals curve in the Keynesian 45° degree line diagram
upward shift/downward shift/no shift
(f) The injections 'curve' in the Keynesian 45° degree line diagram
upward shift/downward shift/no shift
(g) The full- employment level of income in the Keynesian 45° degree line diagram
rightward shift/leftward shift/no shift
Correct Answer:
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(b) Rightward shift
(c) Move...
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