Question

In: Economics

If the aggregate supply curve shifts to the right, the ________curve shifts to the _______....

If the aggregate supply curve shifts to the right, the ________ curve shifts to the _______.

Multiple Choice:

aggregate demand

left Phillips

left aggregate demand right

Phillips; right

Solutions

Expert Solution

When the aggregate supply curve shifts it's right then the forms hire more number of employees that is the increase in employment level. This will shift the Phillips curve to the left.

If the aggregate supply curve shifts to the right, the Phillips curve shifts to the left.

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

10. The long-run aggregate supply curve shifts right if
 10. The long-run aggregate supply curve shifts right if a. Immigration from abroad increases b. The capital stock increases c. Technology advances d. All of the above are correct 11. Which of the following would cause prices to decrease and real GDP to increase in the short run? a. Short-run aggregate supply shifts right. b. Short-run aggregate supply shifts left. c. Aggregate demand shifts right. d. Aggregate demand shifts left. 12. Which of the following is not a reason the New York Federal Reserve Bank president always gets to vote at...
State and Local Governments and Aggregate Demand. The aggregate demand curve shifts to the right if...
State and Local Governments and Aggregate Demand. The aggregate demand curve shifts to the right if A. the money supply decreases B. the price level increases C. taxes increase D. state governments increase their spending
The​ long-run aggregate supply curve shifts right at the same time as A.wages increase. B.the production...
The​ long-run aggregate supply curve shifts right at the same time as A.wages increase. B.the production possibilities curve shifts inward. C.the inflation rate increases. D.the production possibilities curve shifts outward.
As the elasticity of supply becomes more elastic, the supply curve: a shifts to the right...
As the elasticity of supply becomes more elastic, the supply curve: a shifts to the right b doesn’t change c becomes more horizontal d becomes more vertical The cross price elasticity of demand for hamburger and a mystery good is -0.95. The mystery good is most likely: a french fries (a compliment) b a chicken sandwich (a substitute) c a vacation home in Florida (an unrelated good) d generic brand aspirin (an inferior good) Susan typically sells 500 cakes per...
if the short run aggregate supply curve intersects the aggregate demand curve to the right of...
if the short run aggregate supply curve intersects the aggregate demand curve to the right of potential GDP wages will rise?
if the short run aggregate supply curve intersects the aggregate demand curve to the right of...
if the short run aggregate supply curve intersects the aggregate demand curve to the right of potential GDP wages will rise?
An increase in money supply shifts the LM curve to the right, but an increase in...
An increase in money supply shifts the LM curve to the right, but an increase in money demand shifts the LM curve to the left. Giving reasons, explain why there is a difference. (150 words maximum)
Economic growth may be attained when either aggregate demand or aggregate supply shifts to the right....
Economic growth may be attained when either aggregate demand or aggregate supply shifts to the right. What are the different effects between aggregate demand-based growth and aggregate supply-based growth? What may shift aggregate supply to the right? Thoroughly explain its process. As a policy maker, would you prefer the strategies of aggregate supply-based economic growth or aggregate demand-based growth? Why or why not? As a proponent of either aggregate supply-based growth strategies or aggregate demand-based growth strategies, what would you...
Briefly explain whether each of the following shifts the aggregate demand curve to the right or...
Briefly explain whether each of the following shifts the aggregate demand curve to the right or to the left. Briefly explain your responses The Federal Reserve sells $10 billion of US Treasury securities. The federal government launches a massive program to rebuild the country’s highways. The dollar appreciates relative to the currencies of its major trading partners.
In the short run, an increase in government purchases, a. shifts the aggregate supply curve to...
In the short run, an increase in government purchases, a. shifts the aggregate supply curve to the right b. increases real GDP c. shifts the aggregate demand curve to the left d. decreases the price level
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT