What Does the Slope of the Phillips Curve Indicate

question 27

Multiple Choice

What does the slope of the Phillips curve indicate?

• A)that the opportunity cost of decreasing unemployment increases as unemployment decreases
• B)that the opportunity cost of decreasing unemployment decreases as unemployment increases
• C)that the opportunity cost of decreasing inflation decreases as inflation decreases
• D)that the opportunity cost of decreasing inflation or unemployment is constant

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