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2. The Phillips curve based on the unemployment and inflation rates in the U.S. between 1961 and 1969 was: a. upward-sloping. b. downward-sloping. c. horizontal.

2. The Phillips curve based on the unemployment and inflation rates in the U.S. between 1961 and 1969 was: a. upward-sloping. b. downward-sloping. c. horizontal. d. vertical. e. upward-sloping but kinked

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