The long-run Phillips curve shows the relationship between the ________ and the ________ when there is no ________ unemployment.
A) inflation rate; employment rate; seasonal
B) inflation rate; unemployment rate; cyclical
C) inflation rate; unemployment rate; structural
D) nominal interest rate; real interest rate; frictional
E) nominal interest rate; unemployment rate; cyclical
Question 2
The World Trade Organization (WTO) is an international organization dedicated to erecting trade barriers between nations.
Indicate whether the statement is true or false
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