If the Economy Is at Point a in the Phillips

question 110

Multiple Choice

If the economy is at Point A in the Phillips curve graph shown, in the long run the unemployment would be expected to:

• A)increase.
• B)decrease.
• C)remain constant.
• D)immediately fall to zero.

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Negotiable Instrument

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Validity refers to the state of being legally sound, effective, or binding; it is the quality of conforming to law or fact.

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Negotiable

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