"As the economy moves upward along its short-run 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

Quizplus · Accepted Answer

The Answer of "As the economy moves upward along its short-run 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 Short-Run Aggregate Supply