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The Short-Run Phillips Curve Tradeoff Becomes Less Favorable If Either

Question 55

Multiple Choice

The short-run Phillips curve tradeoff becomes less favorable if either


A) potential GDP or the natural unemployment rate increases.
B) the level of real GDP decreases or the natural unemployment rate decreases.
C) the expected inflation rate or the natural unemployment rate increases.
D) the expected inflation rate increases or the natural unemployment rate decreases.
E) potential GDP or the natural unemployment rate decreases.

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