Multiple Choice
The long-run Phillips curve shows the relationship between
A) inflation and unemployment at full employment.
B) aggregate demand and aggregate supply at full employment.
C) aggregate demand and interest rates at full employment.
D) inflation and interest rates at full employment.
E) the price level and real GDP when the economy is not at full employment.
Correct Answer:
Verified
Correct Answer:
Verified
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Q130: _ is fixed when moving along the
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