According to the traditional Phillips Curve, which of the following may have taken place if both...

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According to the traditional Phillips Curve, which of the following may have taken place if both the unemployment rate and inflation have declined? Select one: O A. a negative supply shock OB. an increase in expected inflation OC. a negative demand shock OD. a positive supply shock According to the traditional Phillips Curve, which of the following may have taken place if both the unemployment rate and inflation have declined? Select one: O A. a negative supply shock OB. an increase in expected inflation OC. a negative demand shock OD. a positive supply shock

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D a positive supply shock Explanation The Phillips Curve suggests a negative relationship between un... View the full answer