The Short-Run Phillips Curve Is _{--------------------}curve Along Which an Increase

question 103

Multiple Choice

The short-run Phillips curve is _{--------------------}curve along which an increase in the unemployment rate is associated with _{--------------------}in the inflation rate.

• A)an upward sloping; an increase
• B)a downward sloping; no change
• C)a downward sloping; a decrease
• D)a horizontal; no change
• E)a vertical; no change

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