What Can Be Concluded from the Chart Below Which Shows

question 17

Multiple Choice

What can be concluded from the chart below which shows inflation versus unemployment rates from 1948 to 2015) ?

• A) In the long run, the Phillips Curve is a robust model.
• B) In the short run, unemployment is correlated with inflation.
• C) In the long run, unemployment is correlated with inflation.
• D) In the short run, unemployment is not always correlated with inflation.
• E) In the long run, unemployment is not always correlated with inflation.

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