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:

Verified
Correct Answer:
Verified
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Q194: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the figure