Moving along the short-run Phillips curve,if ________ increases,then ________ decreases.
A) inflation;unemployment
B) inflation;real GDP
C) inflation;the price level
D) unemployment;the expected inflation rate
E) unemployment;the price level
Correct Answer:
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Q1: The short-run Phillips curve shows the relationship
Q2: Q3: The short-run Phillips curve shows Q5: The short-run Phillips curve is another way Q8: In the short run,if the economy is Q11: The short-run Phillips curve is _ curve Q12: Comparing the aggregate supply curve and the Q13: The short-run Phillips curve shows the relationship Q14: Q19: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)potential GDP.
B)the expected
