1. The short-run Phillips Curve (SRPC) is a mirror image of the
A) AD curve.
B) SRAS curve.
C) LRAS curve.
D) PL curve.
E) RGDP curve.
2. If AD decreases, then on the SRPC you would indicate this by
A) a shift in SRPC to the right.
B) a shift in SRPC to the left.
C) moving up along the SRPC.
D) moving down along the SRPC.
E) moving down the SRPC and shifting the SRPC to the right.
3. If there is an increase in the price level and RGDP on the ASAD graph because of an AD shift, then what would happen on the SRPC?
A) a shift in SRPC to the right
B) a shift in the SRPC to the left
C) a movement upward along the SRPC
D) a movement downward along the SRPC
E) moving down the SRPC and shifting the SRPC to the right
Reffonomics High School eTextbook
Cell Phone Graphing Activities