Problem
Answer the following questions.
a. Why does an upward shift in the Phillips curve correspond to an upward shift in the short-run aggregate supply curve?
b. Why does a movement up and to the left along a Phillips curve correspond to a movement up and to the right along a short-run aggregate supply curve?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.