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GarryVolchara [31]
3 years ago
8

Fill in the blank label in the above figure. A. Margin B. Cleave C. Bridge D. Gap

Business
2 answers:
Vlad [161]3 years ago
6 0
Uh you would need to show us the figure?
insens350 [35]3 years ago
3 0
Wheres the figure ???????????
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C. the Phillips curve is vertical

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Philips Curve shows the inverse relationship between inflation rate & unemployment level. High inflation rate implies low unemployment rate; and low inflation rate implies high inflation rates. Economic growth (output rise) leads to inflation & reduces unemployment ; Economic slowdown (output fall) leads to deflation & increases  unemployment.  

However; In long run, real GDP (output level) returns to its potential​ level. So; output level defining the inverse relationship (trade off) between inflation rate & unemployment level, is stable. Hence, inflation rate & unemployment level have no inverse (trade off) relationship & they are unrelated. Therefore, the long run Phillips curve is vertical.  

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3 years ago
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3 years ago
What makes a business unique
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