According to the Phillips curve,policymakers can reduce inflation by
A) contracting aggregate demand.This contraction results in a temporarily higher unemployment rate.
B) contracting aggregate demand.This contraction results in a temporarily lower unemployment rate.
C) expanding aggregate demand.This expansion results in a temporarily lower unemployment rate.
D) expanding aggregate demand.This expansion results in a temporarily higher unemployment rate.
Correct Answer:
Verified
Q2: According to the Phillips curve,policymakers could reduce
Q3: Economist A.W.Phillips found a negative correlation between
A)output
Q4: There is a
A)short-run tradeoff between inflation and
Q5: Samuelson and Solow argued that when unemployment
Q6: Samuelson and Solow believed that the Phillips
Q7: According to the Phillips curve,policymakers would reduce
Q8: In his famous article published in an
Q9: Samuelson and Solow argued that when unemployment
Q10: Samuelson and Solow reasoned that when aggregate
Q11: A.W.Phillips' findings were based on data
A)from 1861-1957
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