Multiple Choice
The long-run Phillips curve shows the relationship between the ________ and the ________ when there is no ________ unemployment.
A) inflation rate; unemployment rate; cyclical
B) inflation rate; unemployment rate; structural
C) inflation rate; employment rate; seasonal
D) nominal interest rate; real interest rate; frictional
E) nominal interest rate; unemployment rate; cyclical
Correct Answer:
Verified
Correct Answer:
Verified
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