Contrary to What Believers in the Phillips Curve Would Say

question 27

Multiple Choice

Contrary to what believers in the Phillips curve would say, U.S.economic data from 1955 to 2000 show evidence of:

• A)a negative relationship between the unemployment rate and inflation.
• B)no short run relationship between the unemployment rate and inflation.
• C)increases in both unemployment and inflation rates.
• D)a constant rate of inflation, with changing rates of unemployment.
• E)a constant rate of unemployment, with changing rates of inflation.

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Definitions:

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Abstract

A brief summary of a research article, thesis, review, or other in-depth analysis of a particular subject or discipline.

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