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1. |
Along a short-run Phillips curve, ? |
A. | a higher rate of inflation is associated with a lower unemployment rate |
B. | a higher rate of growth in output is associated with a lower unemployment rate |
C. | a higher rate of inflation is associated with a higher unemployment rate |
D. | a higher rate of growth in output is associated with a higher unemployment rate. |
Answer» B. a higher rate of growth in output is associated with a lower unemployment rate | |