The Short-Run Phillips Curve Presents a Tradeoff Because a

question 11

Multiple Choice

The short-run Phillips curve presents a tradeoff because a

• A)lower unemployment rate can be achieved at the cost of a higher inflation rate.
• B)lower unemployment rate can be achieved at the cost of a lower inflation rate.
• C)higher unemployment rate can be achieved at the cost of a higher inflation rate.
• D)higher price level leads to a lower real GDP.
• E)higher inflation leads to a higher nominal interest rate.

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