Question
n 2. What effect will successful supply-side measures have on the following? (a) The production possibility curve. (b) The aggregate supply curve. Rightward shift /
n
2. What effect will successful supply-side measures have on the following? (a) The production possibility curve. (b) The aggregate supply curve. Rightward shift / Leftward shift / Movement up along/Movement down along (c) The aggregate demand curve. Rightward shift/Leftward shift / Movement up along/Movement down along (d) The Phillips curve. Rightward shift/Leftward shift / Movement up along/Movement down along (e) The expenditure curve in the Keynesian 45 line diagram. Upward shift/Downward shift/No shift Outward shift/Inward shift/Movement along (f) The full-employment level of income in the Keynesian 45 line diagram. Rightward shift/Leftward shift/No shift
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