Multiple Choice
Economists postulate that there is a relationship between inflation and unemployment within societies. They state that when the real GDP of a country is high, actual unemployment rate falls below its natural level. What effect does this have on inflation?
A) it accelerates inflation
B) it decelerates inflation
C) it has an insignificant effect on inflation
D) it depends on the GDP
Correct Answer:
Verified
Correct Answer:
Verified
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