Multiple Choice
The Phillips curve shows
A) a positive relationship in the long-run between the rate of inflation and the rate of unemployment.
B) a negative relationship between the inflation rate and the unemployment rate,at least in the short run.
C) a positive relationship between contractionary monetary policy and higher price levels.
D) a positive relationship between price stability and constant,small-increment changes in the fiscal policy on the part of the Bank of Canada.
Correct Answer:
Verified
Correct Answer:
Verified
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