The Short-Run Phillips Curve

question 80

Multiple Choice

The short-run Phillips curve:

• A)is upward sloping because inflation and unemployment rates have a positive relationship in the short run.
• B)is vertical because there is no trade-off between inflation and unemployment rates in the short run.
• C)is downward sloping because there is a trade-off between inflation and unemployment rates in the short run.
• D)is horizontal because there is no trade-off between inflation and unemployment rates in the short run.

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