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If there is an adverse supply shock, what will most likely happen? a.The aggregate supply curve will shift left, and the short-run Phillips curve will
If there is an adverse supply shock, what will most likely happen?
a.The aggregate supply curve will shift left, and the short-run Phillips curve will shift right.
b.The aggregate supply curve and the short-run Phillips curve will both shift left.
c.The aggregate supply curve will shift right, and the short-run Phillips curve will shift left.
d.The aggregate supply curve and the short-run Phillips curve will both shift right.
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