In the short run, as output rises above potential ________
A) inflation will fall from its current level which explains the upward-sloping nature of the Phillips curve
B) inflation will rise from its current level which explains the upward-sloping nature of the aggregate supply curve
C) unemployment will rise above the natural rate which explains the upward-sloping nature of both the Phillips curve and the AS curve
D) all of the above
E) none of the above
B
Economics
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Indicate whether the statement is true or false
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As of 2013, how large is the debt of developing countries to the rest of the world?
A) $350 million B) $350 billion C) $7 trillion D) $35 trillion E) $3.5 trillion
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