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The Phillips curve is O A. a positive relationship between the unemployment rate and the real Gross Domestic Product (GDP) level. B. a positive relationship
The Phillips curve is O A. a positive relationship between the unemployment rate and the real Gross Domestic Product (GDP) level. B. a positive relationship between price stability and constant, small-increment changes in the fiscal policy on the part of the Fed O C. a positive relationship in the long run between the rate of inflation and the rate of unemployment. O D. a negative relationship between the inflation rate and the unemployment rate, at least in the short run
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