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Q. |
The Philips curve shows that |
A. | High unemployment rates are associated with low increases in money wage rates |
B. | Low unemployment rates are associated with low rates of inflation |
C. | High unemployment rates are associated with low rates of inflation |
D. | High inflation rates are associated with small increases in money wage rates. |
Answer» C. High unemployment rates are associated with low rates of inflation |
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Fundamentals of Economics and ManagementNo comments yet