24. the short-run phillips curve shows the combinations of
a. unemployment and inflation that arise in the short run as aggregate demand shifts the
economy along the short-run aggregate supply curve.
b. unemployment and inflation that arise in the short run as short-run aggregate supply
shifts the economy along the aggregate demand curve.
c. unemployment and inflation that arise in the long run as aggregate demand shifts the
economy along the long-run aggregate supply curve.
d. real gdp and the price level that arise in the short run as short-run aggregate supply
shifts the economy along the aggregate demand curve.
e. none of the above are correct.

The short-run Phillips curve shows the combinations of unemployment and inflation that arise in the short run as aggregate demand shifts the  economy along the short-run aggregate supply curve.

Option A

Explanation:

The short run Phillips curve is that curve which shows the relation ship between the unemployment rate and the rate of inflation as an important concept in economics.

The curve shows this relation ship and the arising of the unemployment and the inflation because of the shift in the aggregate demand curve in the short run. It also shows the shift in the economy along the aggregate supply curve in the short run.

answer; /// i believe that the correct answer is(cognitive revolution);

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.