"As the economy moves upward along its aggregate supply curve, the economy also moves upward along its short-run Phillips curve." Is the previous statement correct or incorrect?
Briefly explain your answer.

Question

"As the economy moves upward along its aggregate supply curve, the economy also moves upward along its short-run Phillips curve." Is the previous statement correct or incorrect?
 Briefly explain your answer.

Quizplus · Accepted Answer

The Answer of "As the economy moves upward along its aggregate supply curve, the economy also moves upward along its short-run Phillips curve." Is the previous statement correct or incorrect?
 Briefly explain your answer.

"As the Economy Moves Upward Along Its Aggregate Supply Curve