The Phillips Curve depicts that, in general:

A. high amounts of unemployment in an economy will coincide with low inflation.
B. low amounts of unemployment in an economy will coincide with low inflation.
C. high amounts of unemployment in an economy will coincide with high inflation.
D. high amounts of output in an economy will coincide with low inflation.

A. high amounts of unemployment in an economy will coincide with low inflation.

Economics

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Price controls are usually enacted in response to

a. popular opinion. b. governmental studies. c. scholarly research on the effects of high prices. d. laws enacted in other countries. e. All of the above are correct.

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What are tax loopholes and what are their effects?

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