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vellojo vellojo
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7 years ago
In late 2008, Great Britain's inflation rate fell from 5.2 percent to 4.5 percent while unemployment was increased from 5.4 percent to 6 percent.  These changes would be shown as  a
A) movement down the short-run Phillips curve.
B) movement up along the short-run Phillips curve.
C) leftward shift of the long-run Phillips curve.
D) rightward shift of the long-run Phillips curve.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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7 years ago
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
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