Which One of the Following Statements Is True About the Phillips

question 64

Multiple Choice

Which one of the following statements is true about the Phillips curve?

• A)The short-run Phillips curve is positively sloped while the long-run Phillips curve is vertical.
• B)There is no empirical evidence to support the Phillips curve.
• C)The short-run Phillips curve is negatively sloped while the long-run Phillips curve is vertical.
• D)The Phillips curve is consistent with the Keynesian model but not the Classical model.

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