According to the Phillips Curve Presented in the Text, a Positive

question 93

Multiple Choice

According to the Phillips curve presented in the text, a positive macroeconomic shock:

• A) increases the rate of inflation.
• B) decreases the rate of inflation.
• C) has no effect on the rate of inflation.
• D) has a negative effect on the unemployment rate.
• E) has a positive effect on the unemployment rate.

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