Once the Phillips Curve Has Shifted Up,the Economy Is ________

question 34

Multiple Choice

Once the Phillips curve has shifted up,the economy is ________ because ________.

• A) better off; every unemployment rate becomes associated with a higher inflation rate
• B) better off; every inflation rate becomes associated with a lower unemployment rate
• C) worse off; every inflation rate becomes associated with a higher unemployment rate
• D) worse off; every unemployment rate becomes associated with a lower inflation rate

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Definitions:

Experimental

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