What did Phillips discover?
A) a positive relation between unemployment and inflation in the United Kingdom
B) a positive relation between unemployment and inflation in Canada
C) a negative relation between unemployment and inflation in Canada
D) a negative relation between unemployment and inflation in the United Kingdom
Correct Answer:
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Q1: What is the misery index supposed to
Q3: In the short run, policy that increases
Q4: Which term refers to the short-run relationship
Q5: How is the misery index calculated?
A) It
Q6: According to Phillips, which set of two
Q7: If the government decreases government expenditures, what
Q8: If policymakers expand aggregate demand, what happens
Q9: If policymakers reduce aggregate demand, what happens
Q10: If policymakers expand aggregate demand, what happens
Q11: Which of the following data supported A.W.
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