If the ________ curve shifts from year to year and the ________ curve does not, then the short run Phillips curve would be downward sloping.

Question

Quizplus · Accepted Answer

When the aggregate demand curve shifts and the aggregate supply curve remains stable, it typically results in changes in the inflation rate and unemployment, reflecting a short-run trade-off between these two variables, hence a downward sloping Phillips curve.

If the ________ Curve Shifts from Year to Year and the ________

If the Curve Shifts from Year to Year and the