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The Friedman-Phelps Inflation-Augmented Phillips Curve Suggested That Inflation Would Be

Question 46

Multiple Choice

The Friedman-Phelps inflation-augmented Phillips curve suggested that inflation would be ________ related to the expected inflation rate and ________ related to the unemployment rate.


A) positively; positively
B) positively; negatively
C) negatively; positively
D) negatively; negatively

Correct Answer:

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