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In the Phillips Curve, , If

Question 53

Multiple Choice

In the Phillips curve, In the Phillips curve, , if Is large, then: A) price-setting behavior is completely insensitive to short-run fluctuations. B) price-setting behavior is very insensitive to short-run fluctuations. C) inflation is not very sensitive to short-run fluctuations. D) price-setting behavior is very sensitive to short-run fluctuations. E) Not enough information is given. , if In the Phillips curve, , if Is large, then: A) price-setting behavior is completely insensitive to short-run fluctuations. B) price-setting behavior is very insensitive to short-run fluctuations. C) inflation is not very sensitive to short-run fluctuations. D) price-setting behavior is very sensitive to short-run fluctuations. E) Not enough information is given.
Is large, then:

A) price-setting behavior is completely insensitive to short-run fluctuations.
B) price-setting behavior is very insensitive to short-run fluctuations.
C) inflation is not very sensitive to short-run fluctuations.
D) price-setting behavior is very sensitive to short-run fluctuations.
E) Not enough information is given.

Correct Answer: