Multiple Choice
The Phillips curve represents a
A) short-run relationship but not a long-run one.
B) trade-off policy makers can exploit in the long-run.
C) a long-run relationship but not a short-run one.
D) stable long-run trade-off, exploitable by government policy.
E) both a long-run and a short-run relationship.
Correct Answer:
Verified
Correct Answer:
Verified
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