MCQOPTIONS
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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 | |