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Which of the Following Is Illustrated by the Short-Run Phillips

Question 70

Multiple Choice

Which of the following is illustrated by the short-run Phillips curve?  


A)  The economy can have low inflation and low unemployment simultaneously. 
B)  The economy can have high inflation and high unemployment simultaneously. 
C)  A reduction in unemployment comes at the expense of lower inflation. 
D)  A reduction in unemployment comes at the expense of higher inflation.

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