Author Question: The short-run Phillips curve will tend to shift during any period when: a. aggregate supply ... (Read 58 times)

Yi-Chen · **on:** Jun 30, 2018

The short-run Phillips curve will tend to shift during any period when:
a. aggregate supply changes.
b. real wages or input prices change because of changes in the supplies of labor or other inputs.
c. inflationary expectations change.
d. all of the above

Question 2

It is possible to increase our consumption of a clean environment without giving up anything.
a. True
b. False
Indicate whether the statement is true or false