The Modern View of the Phillips Curve Suggests That

question 10

Multiple Choice

The modern view of the Phillips curve suggests that:

• A) when inflation is reduced, unemployment will fall below the natural rate.
• B) the Phillips curve is an unstable relationship.
• C) systematic demand stimulus policies will be unable to affect prices in the long run.
• D) there will be a trade-off between inflation and unemployment in the long run.

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