How would decreasing interest rates be most likely to reduce unemployment?
A.
by decreasing the borrowing costs of business
B.
by decreasing the government's budget deficit
C.
by increasing the foreign exchange rate of the currency
D.
by increasing the opportunity cost of spending
Exam No：9708_w24_qp_33 Year：2024 Question No：20
Answer:
A
Knowledge points:
10.2.3 relationship between growth and inflation
10.2.5.1 traditional Phillips curve
10.2.5.2 expectations-augmented Phillips curve (short- and long-run Phillips curve)
Solution:
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