Refer to the following figure when answering
Figure 12.5: Phillips Curve
-Starting from any point in the Phillips curve in Figure 12.5, an unexpected increase in oil prices will move the economy from:
A) point a to b
B) point c to b
C) point a to c
D) point b to c
E) Not enough information is given.

Question

Refer to the following figure when answering  
Figure 12.5: Phillips Curve 
-Starting from any point in the Phillips curve in Figure 12.5, an unexpected increase in oil prices will move the economy from:
A) point a to b 
B) point c to b 
C) point a to c 
D) point b to c 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering  
Figure 12.5: Phillips Curve 
-Starting from any point in the Phillips curve in Figure 12.5, an unexpected increase in oil prices will move the economy from:
A) point a to b 
B) point c to b 
C) point a to c 
D) point b to c 
E) Not enough information is given.

Refer to the Following Figure When Answering