The figure given below represents the short run and long run Phillips curve. Figure 14.4 Refer to Figure 14.4.A movement from point A to point C would be associated with an:
A)outward shift of both the aggregate demand and the aggregate supply curve.
B)outward shift of the aggregate supply curve and an inward shift of the aggregate demand curve.
C)outward shift of the aggregate demand curve and an inward shift of the aggregate supply curve.
D)outward shift of the aggregate demand curve but no change in the aggregate supply curve.
E)inward shift of both the aggregate demand and the aggregate supply curve

Question

The figure given below represents the short run and long run Phillips curve. Figure 14.4  Refer to Figure 14.4.A movement from point A to point C would be associated with an:
A)outward shift of both the aggregate demand and the aggregate supply curve. 
B)outward shift of the aggregate supply curve and an inward shift of the aggregate demand curve. 
C)outward shift of the aggregate demand curve and an inward shift of the aggregate supply curve. 
D)outward shift of the aggregate demand curve but no change in the aggregate supply curve. 
E)inward shift of both the aggregate demand and the aggregate supply curve

Quizplus · Accepted Answer

The Answer of The figure given below represents the short run and long run Phillips curve. Figure 14.4  Refer to Figure 14.4.A movement from point A to point C would be associated with an:
A)outward shift of both the aggregate demand and the aggregate supply curve. 
B)outward shift of the aggregate supply curve and an inward shift of the aggregate demand curve. 
C)outward shift of the aggregate demand curve and an inward shift of the aggregate supply curve. 
D)outward shift of the aggregate demand curve but no change in the aggregate supply curve. 
E)inward shift of both the aggregate demand and the aggregate supply curve

The Figure Given Below Represents the Short Run and Long