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2. How is the Phillips Curve affected by significant increases in productivity and improvements in technology within the economy? a. the Phillips Curve will shift

2. How is the Phillips Curve affected by significant increases in productivity and improvements in technology within the economy? a. the Phillips Curve will shift outward (shift right) b. the Phillips Curve will shift inward (shift left)

c. the Phillips Curve will not shift, but there will be movement up along the curve d. the Phillips Curve will not shift, but there will be movement down along the curve e. there is no change in the Phillips Curve (i.e. nothing happens)

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