Question: A favorable supply shock such as oil price decrease would cause a.a movement down along the short-run Phillips curve b.a movement up along the short-run

A favorable supply shock such as oil price decrease would cause

a.a movement down along the short-run Phillips curve

b.a movement up along the short-run Phillips curve

c.the short-run Phillips curve to shift downward and to the left.

d.the short-run Phillips curve to shift upward and to the right.

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