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If the Unemployment Rate Rises and the Inflation Rate Falls

Question 4

Multiple Choice

If the unemployment rate rises and the inflation rate falls, while the natural unemployment rate and the expected inflation rate remain constant, then we are studying a movement along the


A) aggregate demand curve.
B) long-run aggregate supply curve.
C) Friedman curve.
D) short-run Phillips curve.
E) Phelps-Friedman curve.

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