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The Short-Run Phillips Curve Is ________ Curve Along Which an Increase

Question 50

Multiple Choice

The short-run Phillips curve is ________ curve along which an increase in the unemployment rate is associated with ________ in the inflation rate.


A) a vertical; no change
B) a downward sloping; a decrease
C) an upward sloping; an increase
D) a horizontal; no change
E) a downward sloping; no change

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