Multiple Choice
In general, economists believe that the Phillips curve is
A) downward sloping with a steeper slope in the long run than in the short run.
B) downward sloping with a steeper slope in the short run than in the long run.
C) downward sloping in the short run but vertical in the long run.
D) could be horizontal in the short run but always vertical in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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