Multiple Choice
Once the Phillips curve has shifted up,the economy is ________ because ________.
A) better off; every unemployment rate becomes associated with a higher inflation rate
B) better off; every inflation rate becomes associated with a lower unemployment rate
C) worse off; every inflation rate becomes associated with a higher unemployment rate
D) worse off; every unemployment rate becomes associated with a lower inflation rate
Correct Answer:

Verified
Correct Answer:
Verified
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