Classical Macroeconomists Argue That the Short-Run Phillips Curve ________ Represent

question 72

Multiple Choice

Classical macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because ________.

• A)does; people have rational expectations
• B)does; people do not have rational expectations
• C)does not; people do not have rational expectations
• D)does not; people have rational expectations

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