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The Short-Run Phillips Curve Is Based on the Assumption Of

Question 11

Multiple Choice

The short-run Phillips curve is based on the assumption of:


A) ​a direct relationship between the inflation rate and unemployment.
B) ​an inverse relationship between the inflation rate and unemployment.
C) ​no relationship between the inflation rate and unemployment.
D) ​a permanent trade-off between the inflation rate and unemployment.

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