8. The Phillips Curve depends on which of the following assumptions: A. The aggregate demand
curve never shifts B. The aggregate supply curve never shifts C. The price level never changes D.
Long-Run Aggregate Supply increases over time 9. According to what we learned in class, which
of the following is true of long run equilibrium GDP and price level when aggregate demand shifts
to the right? A. Long run equilibrium GDP increases and the price level increases B. Long run
equilibrium GDP increases and the price level is unchanged C. Long run equilibrium GDP is
unchanged and the price level is unchanged D. Long run equilibrium GDP is unchanged and the
price level increases.
8 The Phillips Curve depends on which of the following assu.pdf
1. 8. The Phillips Curve depends on which of the following assumptions: A. The aggregate demand
curve never shifts B. The aggregate supply curve never shifts C. The price level never changes D.
Long-Run Aggregate Supply increases over time 9. According to what we learned in class, which
of the following is true of long run equilibrium GDP and price level when aggregate demand shifts
to the right? A. Long run equilibrium GDP increases and the price level increases B. Long run
equilibrium GDP increases and the price level is unchanged C. Long run equilibrium GDP is
unchanged and the price level is unchanged D. Long run equilibrium GDP is unchanged and the
price level increases
