Multiple Choice
According to the Phillips curve, if current output equals potential output:
A) unemployment is zero.
B) inflation fluctuates a lot.
C) inflation is steady.
D) unemployment is negative.
E) the economy is booming.
Correct Answer:
Verified
Correct Answer:
Verified
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Q32: Figure 12.16: Output <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6622/.jpg" alt="Figure 12.16: