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Refer to the Above Diagram and Assume the Economy Is

Question 116

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Refer to the above diagram and assume the economy is initially at point b<sub>1</sub>.Which of the following movements is consistent with The Phillips Curve? A) the movement from B<sub>1</sub> to B<sub>2</sub> B) the movement from B<sub>1</sub> to C<sub>1</sub> C) the movement from C<sub>1</sub> to B<sub>2</sub> D) the movement from B<sub>2</sub> to B<sub>1</sub> Refer to the above diagram and assume the economy is initially at point b1.Which of the following movements is consistent with The Phillips Curve?


A) the movement from B1 to B2
B) the movement from B1 to C1
C) the movement from C1 to B2
D) the movement from B2 to B1

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