Question: Which is the most correct statement about the relationship between inflation and unemployment? a. In the short run, reducing inflation is associated with falling unemployment.

Which is the most correct statement about the relationship between inflation and unemployment?

a.

In the short run, reducing inflation is associated with falling unemployment.

b.

In the short run, reducing inflation is associated with rising unemployment.

c.

In the long run, reducing inflation is associated with falling unemployment.

d.

In the long run, reducing inflation is associated with rising unemployment.

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