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-Refer to Figure 13

Question 48

Multiple Choice

-Refer to figure 13.5. In terms of the illustration, if the rate of increase in wages was not much affected by output gaps and unemployment rates the Phillips curve would be: A) X. B) V. C) W. D) none of the curves shown.
-Refer to figure 13.5. In terms of the illustration, if the rate of increase in wages was not much affected by output gaps and unemployment rates the Phillips curve would be:


A) X.
B) V.
C) W.
D) none of the curves shown.

Correct Answer:

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