Question
The long run Phillips curve is based on the idea that a. there is a trade off between inflation and unemployment. b. the trade off
The long run Phillips curve is based on the idea that
a.
there is a trade off between inflation and unemployment.
b.
the trade off between inflation and unemployment exists only in the short run.
c.
governments can set policy to achieve desired inflation and unemployment rates.
d.
as inflation rises, unemployment falls.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
