Multiple Choice
The negative slope of the short-run Phillips curve seems to suggest that government ___________ policies might be used to ___________ the unemployment rate at the cost of a ___________ inflation rate.
A) expansionary;lower;higher
B) contractionary;lower;higher
C) expansionary;lower;lower
D) contractionary;raise;higher
E) expansionary;raise;higher
Correct Answer:
Verified
Correct Answer:
Verified
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