The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increase price and ? | MCQ Hive

Economics Mcqs

Q The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increase price and ?

A A. Decreases unemployment
B B. Decrease growth
C C. Increases unemployment
D D. Decreases inflation

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