Phillips curve suggests a trade off between

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1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP

2. According to the short-run Phillips curve, a. inflation is inversely related to unemployment b. inflation is positively related to unemployment c. inflation is not related to unemployment d. low inflation and low unemployment can occur simultaneously

Reference no: EM13741729

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