Downward along a given short-run phillips curve

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Reference no: EM131092062

Which of the following best describes a policy which moves the economy to the right and downward along a given short-run Phillips Curve?

A. A contractionary fiscal policy has been employed in an attempt to reduce inflationary pressures.

B. An expansionary fiscal policy has been employed in an attempt to stimulate the economy and decrease unemployment.

C. A contractionary fiscal policy has been employed in an attempt to stimulate the economy and decrease unemployment.

D. An expansionary fiscal policy has been employed in an attempt to reduce inflationary pressures.

Reference no: EM131092062

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