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If the Economy Has Substantial Unemployment, Then the Inflationary Costs

Question 22

Multiple Choice

If the economy has substantial unemployment, then the inflationary costs of expansionary policy are likely to be:


A) ​low, and the unemployment gains minimal.
B) ​low, and the unemployment gains large.
C) ​high, and the unemployment gains minimal.
D) ​high, and the unemployment gains large.

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