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Radicals Argue That Inflation Versus Unemployment Is a False Trade-Off

Question 23

Multiple Choice

Radicals argue that inflation versus unemployment is a false trade-off because


A) the monetary authorities are mostly concerned with keeping real wages down, not how low the unemployment rate gets.
B) the government can always employ workers at any rate of inflation.
C) the government always overstates measured inflation.
D) the Federal Reserve Board does not have a good measure of money.

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