Author Question: The Phillips curve represents an inverse relationship between the inflation rate and the ... (Read 89 times)

D2AR0N

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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

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Answer to Question 1

True

Answer to Question 2

c



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