Author Question: When a movement up along the aggregate supply curve occurs, there is also A) no movement along ... (Read 112 times)

Engineer · **on:** Jun 29, 2018

When a movement up along the aggregate supply curve occurs, there is also

A) no movement along nor a shift in the short-run Phillips curve.
B) a rightward shift of the short-run Phillips curve.
C) a movement up along the short-run Phillips curve.
D) a movement down along the short-run Phillips curve.
E) a leftward shift of the short-run Phillips curve.

Question 2

The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The government has a budget

A) surplus of 60 billion.
B) deficit of 20 billion.
C) surplus of 20 billion.
D) deficit of 60 billion.
E) surplus of 40 billion.