The short-run Phillips curve shows ________ between the unemployment rate and the inflation rate, and the long-run Phillips curve shows ________ between the unemployment rate and the inflation rate.
A) no relationship; no relationship
B) no relationship; a negative relationship
C) a negative relationship; a positive relationship
D) a positive relationship; a negative relationship
E) a negative relationship; no relationship
Correct Answer:
Verified
Q22: Q23: If aggregate demand decreases, the Q24: In the long run, the unemployment rate
A) short-run Phillips
A)
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