The standard short-run Phillips curve shows A. a negative relationship between output and the rate of inflation.
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Question:
The standard short-run Phillips curve shows
A. | a negative relationship between output and the rate of inflation. | |
B. | a negative relationship between the rate of inflation and the unemployment rate. | |
C. | a negative relationship between the interest rate and real income. | |
D. | no relationship between inflation and unemployment. |
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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