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Moving Along the Short-Run Phillips Curve, a ________ Unemployment Rate

Question 135

Multiple Choice

Moving along the short-run Phillips curve, a ________ unemployment rate can only be achieved by paying the cost of ________.


A) lower; a higher inflation rate
B) lower; a lower inflation rate
C) lower; a higher expected inflation rate
D) lower; a lower price level
E) higher; a higher inflation rate

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