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The Short-Run Phillips Curve Is

Question 149

Multiple Choice

The short-run Phillips curve is:


A) upward sloping because inflation and unemployment rates have a positive relationship in the short run.
B) vertical because there is no trade-off between inflation and unemployment rates in the short run.
C) downward sloping because there is a trade-off between inflation and unemployment rates in the short run.
D) horizontal because there is no trade-off between inflation and unemployment rates in the short run.

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