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  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 17: The Short-Run Tradeoff Between Inflation and Unemployment
  5. Question
    In Which Situation Will the Economy Move to a Point
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In Which Situation Will the Economy Move to a Point

Question 14

Question 14

Multiple Choice

In which situation will the economy move to a point on the Phillips curve where unemployment is higher?


A) if the inflation rate increases
B) if the government increases its expenditures
C) if the Bank of Canada decreases the money supply
D) if expected inflation increases

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