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Choose the Letter of the Diagram in Figure 16

Question 117

Multiple Choice

Choose the letter of the diagram in Figure 16.1 that represents the Phillips curve. A) a. B) b. C) c. D) D.The Phillips curve is a downward-sloping curve illustrating the inverse relationship between the unemployment rate and the rate of inflation. Choose the letter of the diagram in Figure 16.1 that represents the Phillips curve.


A) a.
B) b.
C) c.
D) D.The Phillips curve is a downward-sloping curve illustrating the inverse relationship between the unemployment rate and the rate of inflation.

Correct Answer:

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