The Short-Run Phillips Curve Suggests That ____ Rates of Unemployment

question 46

Multiple Choice

The short-run Phillips curve suggests that ____ rates of unemployment can be traded off for ____ rates of inflation.

• A)​lower; higher
• B)​greater; relatively high
• C)​less; relatively low
• D)​less; relatively high

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Definitions:

American Economy

The economic system of the United States, characterized by a mixed economy with both private enterprises and government involvement.

Opportunities for Women

Chances or avenues available for women to advance, grow, or succeed in various fields, emphasizing progress towards gender equality.