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If the AS Curve Shifts from Year to Year, but the AD

Question 58

Multiple Choice

If the AS curve shifts from year to year, but the AD curve does not, then the Phillips curve would show


A) a positive relationship between the inflation and unemployment rates.
B) a negative relationship between the inflation and unemployment rates.
C) no particular relationship between the inflation and unemployment rates.
D) a constant trade-off between the inflation and unemployment rates.

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