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Suppose there is a trade-off between inflation and unemployment according to the Phillips Curve. What does this suggest about the effectiveness of short-term economic policies?

Suppose there is a trade-off between inflation and unemployment according to the Phillips Curve. What does this suggest about the effectiveness of short-term economic policies? Question 1 Answer a. Policies are ineffective b. Policies can only reduce inflation c. Policies can reduce both inflation and unemployment d. Policies can only reduce unemployment

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