Which of the following statements is correct? A) The short run Phillips curve is negatively sloped B) There is no inflation when the unemployment rate is zero C) The Phillips curve shows a negative...

Which of the following statements is correct?

A) The short run Phillips curve is negatively sloped

B) There is no inflation when the unemployment rate is zero

C) The Phillips curve shows a negative correlation between the unemployment rate and GDP growth

D) The short run Phillips curve is positively sloped

Jun 10, 2022

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