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    Question

    The Phillips curve shows the trade-off between ----- and -----?

    A Inflation and interest rates Correct Answer Incorrect Answer
    B Inflation and unemployment rate Correct Answer Incorrect Answer
    C Interest rate and output Correct Answer Incorrect Answer
    D Inflation and output Correct Answer Incorrect Answer
    E Output and employment Correct Answer Incorrect Answer

    Solution

    The Phillips curve shows the trade-off between inflation and unemployment rates.

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