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(05.02 MC) An increase in aggregate demand, for a given short-run aggregate supply curve, should lead to which of the following results relating to the
(05.02 MC) An increase in aggregate demand, for a given short-run aggregate supply curve, should lead to which of the following results relating to the Phillips curve? (1 point) An inward shift of the Phillips curve as inflationary expectations decrease A move onto the vertical long-run Phillips curve An increase in both unemployment and inflation An outward shift in the Phillips curve as inflationary expectations immediately increase A move up the short-run Phillips curve, with less unemployment and more inflation
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