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Phillips Curve and Expected Inflation
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Phillips Curve and Expected Inflation
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21. Revisiting Inflation, Unemployment, and Policy / Phillips Curve and Expected Inflation / Problem 5
Problem 5
What does a movement along the Phillips Curve indicate?
A
A change in the trade-off between interest rates and inflation.
B
A change in the trade-off between government spending and inflation.
C
A change in the trade-off between inflation and unemployment.
D
A change in the trade-off between GDP growth and unemployment.
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