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Economics
MEDIUM
ENGLISH
Economics
According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?
The economy will experience an increase in inflation
Correct answer
B
The economy will experience a decrease in inflation
Option B
C
Inflation will be unaffected if price expectations are unchanging
Option C
D
None of these answers
Option D
Correct answer: A
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