Figure 17-2 -Refer to Figure 17-2.Suppose the Fed Used Contractionary Policy to Contractionary
Figure 17-2 
-Refer to Figure 17-2.Suppose the Fed used contractionary policy to push short-run equilibrium to point C.If the short-run equilibrium remained at point C long enough
A) the short-run Phillips curve would shift up.
B) the short-run Phillips curve would shift down.
C) the economy would move back to point A.
D) the economy would stay at point C in the long run.
Correct Answer:
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