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If the Economy Is Experiencing Lower Levels of Unemployment, the Short-Run

Question 19

Multiple Choice

If the economy is experiencing lower levels of unemployment, the short-run Phillips curve suggests that ____ additional employment can be purchased at ____ rates of inflation.


A) greater; relatively low
B) ​greater; higher
C) lower; lower​
D) ​No such employment-inflation relationship is suggested by the Phillips curve.

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