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In a scenario where the Phillips Curve trade-off is unstable, what does this signify for policymakers, as per Neoclassical economics? Question 3Answer a. Frequent changes
In a scenario where the Phillips Curve trade-off is unstable, what does this signify for policymakers, as per Neoclassical economics? Question 3Answer a. Frequent changes in inflation rates b. Stable relationship between inflation and unemployment c. No trade-off between inflation and unemployment d. A constant rate of inflation
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