Author Question: During a recession, there is a(n) ________ the short-run Phillips curve, while during an expansion ... (Read 73 times)

bcretired · **on:** Jun 29, 2018

During a recession, there is a(n) ________ the short-run Phillips curve, while during an expansion there is a(n) ________ the short-run Phillips curve.

A) upward movement along; downward movement along
B) movement closer to; movement further from
C) downward movement along; upward movement along
D) leftward shift of; rightward shift of
E) rightward shift of; leftward shift of

Question 2

An increase in wealth ________ saving supply, and the supply of loanable funds curve ________.

A) does not change; does not shift
B) decreases; shifts rightward
C) increases; shifts rightward
D) increases; shifts leftward
E) decreases; shifts leftward