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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1090560
Introduction to Economics 1 Deneme Sınavı Sorusu #1090560
What is the trade-off between inflation and unemployment?
Opportunity cost |
Phillips curve |
Taylor rule |
Inflation rate |
Externality |
Yanıt Açıklaması:
Cutting money supply to reduce inflation is often thought to raise unemployment. This tradeoff between inflation and unemployment is sometimes illustrated by a curve called the Phillips curve.
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