Multiple Choice
According to the Phillips curve,if:
A) the inflation rate is falling,the economy is booming.
B) the inflation rate is rising,the economy is in recession.
C) the inflation rate is rising,the economy is booming.
D) the unemployment rate is falling,the economy is booming.
E) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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