On the modern Phillips curve, the initial impact of government policie
On the modern Phillips curve, the initial impact of government policies to stimulate the economy is shown by ________.
A) an upward movement along the Phillips curve to a higher inflation rate
B) an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
C) a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
D) a downward movement along the Phillips curve to higher unemployment rates
E) none of the above
ANSWER
A
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