The Idea Behind the Phillips Curve Is That ________

question 68

Multiple Choice

The idea behind the Phillips curve is that ________.

• A)tightness in the labor market raises wages but has little impact on prices
• B)when the unemployment rate is low,wages will decrease
• C)when firms raise wages to attract new workers,prices will also increase
• D)all of the above
• E)none of the above

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