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The Long-Run Phillips Curve Shows the Relationship Between ________ and ________

Question 63

Multiple Choice

The long-run Phillips curve shows the relationship between ________ and ________ when the economy is at full employment.


A) the natural inflation rate; the unemployment rate
B) the unemployment rate; real GDP
C) potential GDP; the natural unemployment rate
D) the inflation rate; the unemployment rate
E) the inflation rate; the nominal interest rate

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