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The Short-Run Phillips Curve Shows ________ Between the Unemployment Rate

Question 56

Multiple Choice

The short-run Phillips curve shows ________ between the unemployment rate and the inflation rate and the long-run Phillips curve shows ________ between the unemployment rate and the inflation rate.


A) a negative relationship; no relationship
B) a negative relationship; a positive relationship
C) no relationship; no relationship
D) no relationship; a negative relationship
E) a positive relationship; a negative relationship

Correct Answer:

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