The Short-Run Phillips Curve Presents a Tradeoff Because a

Multiple Choice

The short-run Phillips curve presents a tradeoff because a

A) higher unemployment rate can be achieved at the cost of a higher inflation rate.
B) lower unemployment rate can be achieved at the cost of a lower inflation rate.
C) lower unemployment rate can be achieved at the cost of a higher inflation rate.
D) higher inflation leads to a higher nominal interest rate.
E) higher price level leads to a lower real GDP.