Increases in aggregate supply, with no change in aggregate demand, move the economy down along its Phillips curve.

Name: Increases in aggregate supply, with no change in aggregate demand, move the economy down along its Phillips curve.
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Increases in aggregate supply, with no change in aggregate demand, would typically shift the Phillips curve to the left, indicating lower inflation at every level of unemployment, rather than moving along the curve.

Increases in Aggregate Supply, with No Change in Aggregate Demand