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Author Question: If the ADcurve shifts from year to year and the AScurve does not, then the short run Phillips curve would be (Read 14 times)

fbq8i

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Question 1

There is no systematic relationship between the price level and the level of aggregate output when


◦ aggregate demand is negatively sloped.
◦ aggregate demand is changing, but aggregate supply is not.
◦ both aggregate supply and aggregate demand are changing simultaneously.
◦ aggregate supply is changing, but aggregate demand is not.

Question 2

If the 
AD curve shifts from year to year and the 
AS curve does not, then the short run Phillips curve would be


◦ downward sloping.
◦ upward sloping.
◦ shifting to the left.
◦ shifting to the right.


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Marked as best answer by fbq8i on Apr 19, 2019

lou

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fbq8i

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Reply 2 on: Apr 19, 2019
Excellent


dawsa925

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Reply 3 on: Yesterday
Wow, this really help

 

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