Multiple Choice
A basis for the slope of the short-run Phillips curve is that when unemployment is high there are
A) downward pressures on prices and wages.
B) downward pressures on prices and upward pressures on wages.
C) upward pressures on prices and downward pressures on wages.
D) upward pressures on prices and wages.
Correct Answer:
Verified
Correct Answer:
Verified
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