If congress engages in contractionary fiscal policy we can


If Congress engages in contractionary fiscal policy, we can expect that

a. the short-run Phillips curve will shift left

b. the short-run Phillips curve will shift right

c. the long-run Phillips curve will shift right.

d. there will be a movement to the right along the short-run Phillips curve

e. there will be a movement to the left along the short-run Phillips curve.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If congress engages in contractionary fiscal policy we can
Reference No:- TGS01479279

Expected delivery within 24 Hours