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Author Question: The Phillips curve represents an inverse relationship between the inflation rate and the ... (Read 31 times)

D2AR0N

  • Hero Member
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  • Posts: 561
on: Jun 30, 2018
The Phillips curve represents an inverse relationship between the inflation rate and the unemployment rate.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Cost-push inflation is due to:
 a. too much money chasing too few goods.
  b. the economy operating at full employment.
  c. increases in production costs.
  d. all of these.


Chou

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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