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The standard short-run Phillips curve shows A. a negative relationship between output and the rate of inflation. B. a negative relationship between the rate of

The standard short-run Phillips curve shows

A.

a negative relationship between output and the rate of inflation.

B.

a negative relationship between the rate of inflation and the unemployment rate.

C.

a negative relationship between the interest rate and real income.

D.

no relationship between inflation and unemployment.

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