Multiple Choice
What do the data for the period of 1973 through 1980 demonstrate?
A) that there is a short-run tradeoff between inflation and unemployment in a stable economy
B) that a supply shock changes the natural rate of unemployment
C) that there is no long-run tradeoff between inflation and unemployment
D) that a supply shock increases both inflation and unemployment
Correct Answer:
Verified
Correct Answer:
Verified
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