The Phillips curve started as an observed _ correlation between the inflation rate and the _. a.

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The Phillips curve started as an observed _________ correlation between the inflation rate and the _________.

a. positive; nominal interest rate

b. positive; unemployment rate

c. negative; nominal interest rate

d. negative; unemployment rate

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Brief Principles Of Macroeconomics

ISBN: 9780357133507

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 28, 2024 04:01 AM

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The Phillips curve started as an observed _________ correlation between the inflation rate and the _________. a.

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Brief Principles Of Macroeconomics

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The Phillips curve started as an observed _ correlation between the inflation rate and the _. a.