Multiple Choice
If the short-run Phillips curve were stable, which of the following would be unusual?
A) an increase in government spending and a fall in unemployment
B) an increase in inflation and a decrease in output
C) a decrease in the inflation rate and a rise in the unemployment rate
D) a decrease in output and an increase in unemployment
Correct Answer:
Verified
Correct Answer:
Verified
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Q3: Figure 16-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 16-4
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