How does short-run phillips curve reflect financial crisis

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Reference no: EM13837296

How does the short-run Phillips curve reflect a financial crisis as the one in 2008-2009?

a. as a leftward shift in the short-run Phillips curve

b. as a rightward shift in the short-run Phillips curve

c. as a downward movement along the short-run Phillips curve

d. as an upward movement along the short-run Phillips curve

Reference no: EM13837296

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