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:

Moving Expenses

Costs associated with moving for work, which may be deductible under certain conditions for tax purposes.

Pre-Move House Hunting

Expenses incurred while searching for a new residence before relocating for a job, which may be deductible or reimbursable under certain circumstances.

Deductible Moving Expense

Expenses related to moving for work that exceed a certain distance and time requirement, which can be deducted for tax purposes, but currently limited to members of the Armed Forces.

Health Savings Account

A savings vehicle that permits people enrolled in high-deductible health insurance plans to accumulate funds without paying taxes, specifically for healthcare costs.