Question: Which statement below regarding monetary and fiscal policy is false? The inverse relationship between O inflation and unemployment is known as the Phillips Curve. If

Which statement below regarding monetary and fiscal policy is false? The inverse relationship between O inflation and unemployment is known as the Phillips Curve. If AD increases too much, prices O will increase and AD will return to equilibrium. Expansionary policy causes AD to O shift to the left. The situation where O unemployment is high and inflation is high is stagflation

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