The Phillips Curve Trade-Off Relationship Implies That

question 160

Multiple Choice

The Phillips curve trade-off relationship implies that

• A) the government can fine-tune the economy and generate both the natural rate of unemployment and zero inflation.
• B) the government can fine-tune the economy and pick the most preferred combination of unemployment and inflation.
• C) low unemployment can be obtained only by generating rapidly increasing inflation.
• D) there is no relationship between inflation and unemployment, at least in the long run.

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