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The statement that the cost of reducing the rate of inflation is that people must lose their jobs indicates that the speaker believes in a

The statement that "the cost of reducing the rate of inflation is that people must lose their jobs" indicates that the speaker believes in a relationship that is usually depicted by which of the following? The statement that "the cost of reducing the rate of inflation is that people must lose their jobs" indicates that the speaker believes in a relationship that is usually depicted by which of the following? The liquidity trap The spending multiplier The production function The short-run Phillips curve

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