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Exhibit: Short-Run Phillips Curve as the Short-Run Phillips Curve

question 17

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Exhibit: Short-Run Phillips Curve Exhibit: Short-Run Phillips Curve   As the short-run Phillips curve shifts from A to B to C to D, policymakers face: A) the same tradeoff between inflation and unemployment. B) a lower rate of inflation for any level of unemployment. C) a higher rate of inflation for any level of unemployment. D) higher than expected inflation rates and lower unemployment rates. As the short-run Phillips curve shifts from A to B to C to D, policymakers face:


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