Congress engages in contractionary fiscal policy

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Reference no: EM131101270

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.

Reference no: EM131101270

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