According to the original Phillips curve, there is an inverse relationship between money wages and the unemployment level.
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Q37: Any action that reduces the public's perception
Q38: The Phillips curve shows a positive relationship
Q39: Which of these is NOT a cost
Q40: Wall Street ratings firms had an incentive
Q41: When the growth in productivity is _
Q43: The long-run Phillips curve
A) shows a tradeoff
Q44: For developed countries like the United States
Q45: One major conclusion of the rational expectations
Q46: Suppose policymakers want to keep the unemployment
Q47: A shortcoming of the rational expectations hypothesis
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