The table gives an economy's unemployment rate and inflation rate for a five-year period.
A.
B.
C.
D.
Exam No:9708_s25_qp_34 Year:2025 Question No:23
Answer:
B
Knowledge points:
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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