Along the Aggregate supply curve, a rise in the price level decreased the quanityt of real GDP supplied

A rise in the price level decreases potential GDP on the aggregate supply curve

Anything that changes potential GDP shifts the aggregate supply curve

An increase in potential GDP shifts the aggregate supply curve rightward

Moving along the potential GDP line, the money wage rate changes by the smae percentage as the change in the price level so that the real wage rate

When the price level rises there is a ______ the aggregate demand curve

the short-run Phillips curve shows the tradeoff between the natural unemployment rate and the expected inflation rate

Moving along a short-run Phillips curve, the cost of a lower unemployment rate is a higher inflation rate

The short-run Phillips curve shows the relationship between the

the short-run Phillips cure is