According to the Phillips Curve, If Current Output Is Above

question 135

Multiple Choice

According to the Phillips curve, if current output is above potential output:

• A) inflation falls.
• B) inflation rises.
• C) unemployment falls.
• D) inflation is constant.
• E) tax rates rise.

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Definitions:

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The process by which the President of the United States is elected, typically through a combination of popular vote and the Electoral College system.

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A member or supporter of the Republican Party, a major political party in the United States known for its conservative positions on economic and social issues.

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