Asked by Amber
The initial Phillips curve relationship implied that the opportunity cost of __________ __________ was higher __________.
If high unemployment lasts a long time, it could cause potential real GDP to fall. (true or false)
If high unemployment lasts a long time, it could cause potential real GDP to fall. (true or false)
Answers
Answered by
Amber
The initial Phillips curve relationship implied that the opportunity cost of __________ __________ was higher __________.
Answered by
economyst
The Phillips curve plotted inflation against unemployment. So two correct answers:
low inflation/unemployment or
low unemployment/inflation
low inflation/unemployment or
low unemployment/inflation
Answered by
Anonymous
reducing, unemployment, inflation
There are no AI answers yet. The ability to request AI answers is coming soon!