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It has been noted that both unemployment and inflation are rising at the same time. A. According to the Philips curve, impossible B. signifies that there is no more unemployment in the economy. C. would indicate that the Philips curve is an invalid idea,  C. would imply that the concept of the Philips curve is invalid;  d. would imply a shift in the Philips curve; and  e. only achievable in the near run

It has been noted that both unemployment and inflation are rising at the same time. A. According to the Philips curve, impossible B. signifies that there is no more unemployment in the economy. C. would indicate that the Philips curve is an invalid idea,  C. would imply that the concept of the Philips curve is invalid;  d. would imply a shift in the Philips curve; and  e. only achievable in the near run

Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
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It has been noted that both unemployment and inflation are rising at the same time.

A. According to the Philips curve, impossible
B. signifies that there is no more unemployment in the economy.
C. would indicate that the Philips curve is an invalid idea, 
C. would imply that the concept of the Philips curve is invalid; 
d. would imply a shift in the Philips curve; and 
e. only achievable in the near run.   

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