If the Short-Run Phillips Curve Has a Very Flat Slope

question 44

Multiple Choice

If the short-run Phillips curve has a very flat slope, the

• A)structural deficit will grow during inflation.
• B)structural deficit will fall during recession.
• C)inflation costs of reducing unemployment are relatively low.
• D)inflation costs of reducing unemployment are relatively high.

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Definitions:

Density

A physical property of matter defined as the mass per unit volume.

Mass

A measure of the amount of matter contained in an object, commonly measured in kilograms or grams.

Liquid Sample

A portion of matter in the liquid state used for analysis or testing.

Mass

An assessment of the quantity of substance contained within an object, usually expressed in kilograms or grams.