In the short run, the Phillips curve is
A) upward sloping.
B) downward sloping.
C) horizontal.
D) vertical.
Correct Answer:
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Q83: The short-run aggregate supply curve will shift
Q84: In the long run, if aggregate demand
Q85: The Phillips Curve shows a tradeoff between
A)the
Q86: When unemployment is low, wages tend to
A)increase
Q87: In the long run, the Phillips curve
Q89: With regards to the Phillips curve, the
Q90: Price expectations are a function of which
Q91: In the long run, what will happen
Q92: A short-run equilibrium of the economy
A)stabilizes price
Q93: Aggregate demand is the sum total of
A)consumption
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