A Basis for the Slope of the Short-Run Phillips Curve

question 187

Multiple Choice

A basis for the slope of the short-run Phillips curve is that when unemployment is high there are

• A)downward pressures on prices and wages.
• B)downward pressures on prices and upward pressures on wages.
• C)upward pressures on prices and downward pressures on wages.
• D)upward pressures on prices and wages.

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