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    Exam 22: Aggregate Demand and Supply Analysis
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    The Phillips Curve Indicates That When the Labor Market Is
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The Phillips Curve Indicates That When the Labor Market Is

Question 62

Question 62

Multiple Choice

The Phillips curve indicates that when the labor market is ________,production costs will ________ and aggregate supply increases.


A) easy;rise
B) easy;fall
C) tight;fall
D) tight;rise

Correct Answer:

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