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anastassius [24]
3 years ago
9

A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with​ ________ had lower inflation rates than

countries with​ ________.
a. higher unemployment rates
b. lower unemployment rates
c. higher inflation rates
d. lower inflation rate
Business
1 answer:
Soloha48 [4]3 years ago
5 0

Answer:

The study carried out by Alberto Alesina and Lawrence Summers was about the role of Independence central banks, not about unemployment.

A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with <u>central banks that have high independence</u> had lower inflation rates than countries with <u>central banks that have low independence</u>.

William Phillips studied the correlation between unemployment and inflation rate. He concluded that <u>high inflation rate led to low unemployment</u>, and vice versa.

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