Multiple Choice
Which of the following hypotheses is supported by the economic experience of Canada during the late 1960s and early 1970s?
A) Actual inflation and unemployment are negatively correlated.
B) Inflation and unemployment are related only in the short run.
C) Policymakers can permanently reduce unemployment below the natural level.
D) Inflation and unemployment are related both in the short run and long run.
Correct Answer:
Verified
Correct Answer:
Verified
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