Multiple Choice
According to the text, the slope of the Phillips curve in the United States is about ________. Thus, if the change in inflation is 1 percent, the gap would be ________ percent.
A) 1/4; 0.25
B) 1/3; 3
C) 1/2; 2
D) 2; 0.5
E) 1/4; 4
Correct Answer:
Verified
Correct Answer:
Verified
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