Question: This is the question 2. Given the Phillips curves below, indicate whether each of the following statements are True or False [6 marks) 3) The

This is the question

3) The movement from A to B is a result of a

shi: in the AD to the left curve 15) The economy moves

2. Given the Phillips curves below, indicate whether each of the following statements are True or False [6 marks) 3) The movement from A to B is a result of a shi: in the AD to the left curve 15) The economy moves from A to B because wages increase 3 The economy moves from B to C because the AS shifts to the left The movement for A to B could be caused by an increase in government spending The Phillips curve shifts from PCI to PC2 because wages have decreased The LRPC could shift to the right if there is a technology improvements in the economy

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