A Phillips curve shows the short-run relationship between
A) potential GDP and real GDP.
B) the nominal interest rate and the real interest rate.
C) tax rates and tax revenues.
D) the unemployment rate and the inflation rate.
Correct Answer:
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Q2: Positive supply shocks can have a tendency
Q3: A decrease in the unemployment rate that
Q4: With adaptive expectations,the expected inflation rate for
Q5: The Phillips curve will shift down with
Q6: Positive demand shocks have a tendency to
Q7: The Phillips curve will shift up with
Q8: One event that undermined the belief that
Q9: An increase in the unemployment rate that
Q10: If the inflation rate in 2013 was
Q11: Once the Phillips curve has shifted up,the
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