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27 28 29 30 31 32 34 35 36 37 38 39 40 41 42 44 45 46 QUESTION Y An increase in the price of oil shifts the short-run Phillips curve right and the unemployment rate rises. short-run Phillips curve right and the unemployment rate falls. short-run Phillips curve left and the unemployment rate falls. short-run Phillips curve left and the unemployment rate rises. QUESTION 10 In the short run, an increase in government purchases, Increases real GDP, shifts the aggregate demand curve to the left. shifts the aggregate supply curve to the right. decreases the price level Click Save and Subm to save and submit Click Save All Answers to save all answers 27 28 29 30 31 32 34 35 36 37 38 39 40 41 42 44 45 46 QUESTION Y An increase in the price of oil shifts the short-run Phillips curve right and the unemployment rate rises. short-run Phillips curve right and the unemployment rate falls. short-run Phillips curve left and the unemployment rate falls. short-run Phillips curve left and the unemployment rate rises. QUESTION 10 In the short run, an increase in government purchases, Increases real GDP, shifts the aggregate demand curve to the left. shifts the aggregate supply curve to the right. decreases the price level Click Save and Subm to save and submit Click Save All Answers to save all answers

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9 An increase in the price of oil shifts the shortrun Phillips curve left and the unemployment ra... View the full answer