Multiple Choice
Most economists now agree that the Phillips curve demonstrates that there is
A) an unemployment-inflation trade-off in the long run, but not in the short run.
B) an unemployment-inflation trade-off in both the short run and the long run.
C) an unemployment-inflation trade-off in the short run, but not the long run
D) no unemployment-inflation trade-off in either the short run or the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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