The Phillips Curve & Taxation Mcqs


Q.  According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

a. The economy will experience an increase in inflation
b. The economy will experience a decrease in inflation
c. Inflation will be unaffected if price expectations are unchanging
d. None of these answers


ANSWER: See Answer
 
No explanation is available for this question!
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