Negative supply shocks cause both the short-run aggregate supply curve and the short-run Phillips curve to shift to the left. Select one: O True O False Check A country that wants autonomy to determine monetary policy under a fixed exchange rate regime must impose controls on the flow of international financial capital. Select one: O True O False Check If the price index of an economy went from 1.25 in year 0 to 1.00 in year 1, then we can say that the price level deflated 20% from year 0 to year 1. Select one: O True O False Check