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Unformatted text preview: falling price level and falling unemployment when A) aggregate B) supply increases with aggregate demand stable. aggregate C) demand increases with aggregate supply stable. aggregate D) supply decreases with aggregate demand stable. aggregate demand decrease with aggregate supply stable. Answer: A Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation Skill: Analytic AACSB: Analytic Skills 30) There is no systematic relationship between the price level and the level of aggregate output when A) aggregate B) demand is negatively sloped. aggregate C) demand is changing, but aggregate supply is not. both aggregate supply and aggregate demand are changing simultaneously. D) aggregate supply is changing, but aggregate demand is not. Answer: C Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation Skill: Conceptual AACSB: Reflective Thinking 31) If the AD curve shifts from year to year and the AS curve does not, then the short run Phillips curve would be A) downward B) sloping. upward sloping. C) shifting to the left. D) shifting to the right. Answer: A Diff: 2 Topic: The Short-Run Relationship Between t...
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