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According to the original Phillips curve, policymakers could q , unemployment at the cost of q , A . reduce; lower output B . reduce;
According to the original Phillips curve, policymakers could unemployment at the cost of
A reduce; lower output
B reduce; higher inflation
C increase; higher inflation
D increase; lower output
According to the expectationsaugmented Phillips curve, in the long run, policymakers
A can reduce the unemployment rate at the cost of lower output.
B can reduce the inflation rate only by reducing the unemployment rate.
C can reduce the unemployment rate at the cost of higher inflation.
D cannot affect the unemployment rate.
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