Peter is looking at a graph that shows the relation between inflation and unemployment. It measures the rate of inflation along the y-axis and the rate of unemployment along the x-axis. Peter believes that the graph shown to him is a short-run Phillips curve. Which of the following will strengthen his belief?
a. The points marked on the curves are (6, 4), (6, 3), and (6, 2).
b. The points marked on the curves are (5, 4), (6, 4), and (7, 4).
c. The points marked on the curves are (5, 4), (6, 3), and (7, 2).
d. The points marked on the curves are (5, 4), (6, 5), and (7, 6).
c
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