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)
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
Answered by Anonymous
reducing, unemployment, inflation
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