The natural unemployment rate and the expected inflation rate are constant when moving along the​ _______, which shows a trade off between​ ________ and​ ________.   A. aggregate demand​ curve; inflation; employment   B. aggregate supply​ curve; inflation; unemployment   C. short−run Phillips​ curve; inflation; unemployment   D. short−run Phillips​ curve; inflation; employment   E. long−run Phillips​ curve; inflation; unemployment

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter10: Aggregate Supply
Section: Chapter Questions
Problem 1.1P
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The natural unemployment rate and the expected inflation rate are constant when moving along the​ _______, which shows a trade off between​ ________ and​ ________.
 
A.
aggregate demand​ curve; inflation; employment
 
B.
aggregate supply​ curve; inflation; unemployment
 
C.
short−run
Phillips​ curve; inflation; unemployment
 
D.
short−run
Phillips​ curve; inflation; employment
 
E.
long−run
Phillips​ curve; inflation; unemployment
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