The short-run Phillips curve is
A)downward sloping.
B)vertical at the natural unemployment rate.
C)upward sloping.
D)U-shaped.
E)horizontal at the expected inflation rate.

Name: The short-run Phillips curve is A)downward sloping. B)vertical at the natural unemployment rate. C)upward sloping. D)U-shaped. E)horizontal at the expected inflation rate.
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Question

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The short-run Phillips curve is downward sloping, indicating an inverse relationship between inflation and unemployment in the short run.

The Short-Run Phillips Curve Is