Which of the following would cause the short-run Phillips curve to shift to the right? (3) a) A decrease in the price of oil b) An increase in the price of oil c) An increase in consumption spending d) An increase in net exports e) An increase in the cost of borrowing for investment Explain your choice and show why this happens including the effect on AD/SRAS by means of diagrams and words:

/in /by

Which of the following would cause the short-run Phillips curve to shift to the right? (3)

  1. a) A decrease in the price of oil
  2. b) An increase in the price of oil
  3. c) An increase in consumption spending
  4. d) An increase in net exports
  5. e) An increase in the cost of borrowing for investment

Explain your choice and show why this happens including the effect on AD/SRAS by means of diagrams and words:

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