Multiple Choice
The downward slope of the Phillips curve implies that:
A) monetary policy is more appropriate than ?scal policy in controlling in?ation.
B) it is not possible for the economy to achieve full employment.
C) policy makers face a trade-off between unemployment and in?ation.
D) it is possible to maintain high levels of employment at low and stable price levels.
Correct Answer:
Verified
Correct Answer:
Verified
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