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In the following situation, briefly explain whether the short-run Phillips curve with the unemployment rate on the horizontal axis will shift, and if it does
In the following situation, briefly explain whether the short-run Phillips curve with the unemployment rate on the horizontal axis will shift, and if it does shift, in which direction it will shift: The price of oil substantially decreases. Group of answer choices This would cause a movement up along the short-run Phillips curve. This would cause a movement down along the short-run Phillips curve. This would shift the short-run Phillips curve up. This would shift the short-run Phillips curve down
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