Movements up along a particular short run Phillips curve are not consistent with:
A)Increases in aggregate demand.
B)Movements up along the short run aggregate supply curve.
C)Shifting inflationary expectations.
D)Movements up along a particular short run Phillips curve are consistent with all of the above.

Question

Movements up along a particular short run Phillips curve are not consistent with:
A)​Increases in aggregate demand.
B)​Movements up along the short run aggregate supply curve.
C)​Shifting inflationary expectations.
D)​Movements up along a particular short run Phillips curve are consistent with all of the above.

Quizplus · Accepted Answer

Shifting inflationary expectations would cause the Phillips curve itself to shift, rather than a movement along the curve.

Movements Up Along a Particular Short Run Phillips Curve Are