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A Credible Announced Inflation Reduction Results in ________ Natural Unemployment

Question 1

Multiple Choice

A credible announced inflation reduction results in ________ natural unemployment rate and ________ shift in the short-run Phillips curve.

A) a higher; an upward
B) a lower; an upward
C) no change in the; an upward
D) no change in the; a downward
E) no change in the; no

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