AP Macroeconomics Exam Practice Test Questions with Answers
AP Macroeconomics Exam Practice Test Questions with Answers According to the short-run Phillips curve, lower inflation rates are associated with Higher unemployment rates Higher government spending Larger budget deficits Greater labor-force participation rates Smaller labor-force participation rates - Answer>> A) Higher unemployment rates The Phillips curve demonstrates the inversely proportional relationship between inflation and unemployment (more unemployment = lower inflation and vice versa)
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- AP Macroeconomics
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- AP Macroeconomics
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- April 23, 2024
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