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

[Engineer]

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.

[steff9894]

Answer to Question 1

C

Answer to Question 2

C

[Engineer]

TYSM

[steff9894]

Excellent