On the Phillips curve, how are the immediate effects of a discretionary increase in government spending represented?
A) by a rightward shift of the aggregate demand curve
B) by a rightward shift of the Phillips curve
C) by a leftward shift of the Phillips curve
D) by a movement along the Phillips curve

Question

On the Phillips curve, how are the immediate effects of a discretionary increase in government spending represented?  
A) by a rightward shift of the aggregate demand curve 
B) by a rightward shift of the Phillips curve 
C) by a leftward shift of the Phillips curve 
D) by a movement along the Phillips curve

Quizplus · Accepted Answer

The Answer of On the Phillips curve, how are the immediate effects of a discretionary increase in government spending represented?  
A) by a rightward shift of the aggregate demand curve 
B) by a rightward shift of the Phillips curve 
C) by a leftward shift of the Phillips curve 
D) by a movement along the Phillips curve

On the Phillips Curve, How Are the Immediate Effects of a Discretionary