Topic 6 MCQ Question (Macro).docx - Topic 6 MCQ...

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Topic 6 MCQ Question (Inflation & Unemployment) 1.The negative relationship between unemployment and inflation is known as the a.aggregate demand curve. b.efficiency wage line. c.aggregate supply curve. d.Phillips curve.
2.Based on the theory of the expectations-augmented Phillips curve, if the expected inflation rate is 2%, the short-run Phillips curve will
3.The Phillips curve suggests that monetary policymakers could use monetary policy to

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