Most Economists Now Agree That the Phillips Curve Demonstrates That

question 90

Multiple Choice

Most economists now agree that the Phillips curve demonstrates that there is

• A)an unemployment-inflation trade-off in the long run, but not in the short run.
• B)an unemployment-inflation trade-off in both the short run and the long run.
• C)an unemployment-inflation trade-off in the short run, but not the long run
• D)no unemployment-inflation trade-off in either the short run or the long run.

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Definitions:

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