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A)WPhillips' Study of Unemployment and Inflation in the U

Question 48

Multiple Choice

A) W.Phillips' study of unemployment and inflation in the U.K.specifically looked at the empirical relationship between the unemployment rate and the

A) rate of change in prices.
B) rate of change in nominal wages.
C) rate of change in real wages.
D) level of nominal wages.
E) aggregate output

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