If the Short-Run Phillips Curve Has a Very Shallow (Or

question 100

Multiple Choice

If the short-run Phillips curve has a very shallow (or flat) slope,

• A)​the self-correcting mechanism cannot work.
• B)​the structural deficit will grow in a recession.
• C)​the structural deficit will fall in a recession.
• D)​the inflation costs of reducing unemployment are fairly low.

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