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21. Revisiting Inflation, Unemployment, and Policy
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21. Revisiting Inflation, Unemployment, and Policy
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21. Revisiting Inflation, Unemployment, and Policy / Phillips Curve and Supply Shocks / Problem 10
Problem 10
Why is it challenging for policymakers to address simultaneous increases in inflation and unemployment?
A
Because both can be easily reduced with a single policy.
B
Because reducing one often exacerbates the other.
C
Because unemployment is not affected by inflation policies.
D
Because inflation is not affected by unemployment policies.
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