MCQOPTIONS
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MCQOPTIONS
| 1. |
The Philips curve shows that |
| A. | High unemployment rates are associated with low increases in money wage rates |
| B. | Low unemployment rates are associated with low rates of inflation |
| C. | High unemployment rates are associated with low rates of inflation |
| D. | High inflation rates are associated with small increases in money wage rates. |
| Answer» D. High inflation rates are associated with small increases in money wage rates. | |