Is There Tradeoff Between Inflation and Unemployment

question 183

Multiple Choice

Is there tradeoff between inflation and unemployment?

• A)There is a short-run tradeoff between inflation and unemployment.
• B)There is a long-run tradeoff between inflation and unemployment.
• C)There is a tradeoff between inflation and unemployment both in the short-run and long-run.
• D)There is no relationship between inflation and unemployment.

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Definitions:

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