Author Question: An increase in aggregate demand tends to cause a ____ a short run Phillips curve at first, then ... (Read 78 times)

amal · **on:** Jun 30, 2018

An increase in aggregate demand tends to cause a ____ a short run Phillips curve at first, then cause a ____ in the short run Phillips curve as people adjust their expectations.
a. Movement up along; upward shift.
b. Movement up along; downward shift.
c. Movement down along; upward shift.
d. Movement down along; downward shift.

Question 2

Inward-oriented development strategies focus on exports of goods and services.
a. True
b. False
Indicate whether the statement is true or false