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For Many Years Country a Has Had a Lower Unemployment

Question 62

Multiple Choice

For many years country A has had a lower unemployment rate than country B.According to the long-run Phillips curve which of the following could explain this? Country A has


A) maintained a higher money supply growth rate.
B) maintained a lower money supply growth rate.
C) a higher minimum wage than country B.
D) a lower minimum wage than country B.

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