The Phillips Curve Represents a

question 40

Multiple Choice

The Phillips curve represents a

• A) short-run relationship but not a long-run one.
• B) trade-off policy makers can exploit in the long-run.
• C) a long-run relationship but not a short-run one.
• D) stable long-run trade-off, exploitable by government policy.
• E) both a long-run and a short-run relationship.

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Definitions:

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