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The Samuelson-Solow version of the Phillips curve showed the relationship between unemployment rates and Question 7...

The Samuelson-Solow version of the Phillips curve showed the relationship between unemployment rates and

Question 7 options:

Real GDP growth rates.

price inflation rates.

wage inflation rates.

imports.
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Answer #1

Option 2

Price inflation rate.

The Samuelson-Solow version of the Phillips curve showed the relationship between unemployment rates and price inflation rates in their EPW paper in 1960. the paper is about how the inflation and unemployment changes, in some cases it is argued about how much inflation is required to keep economy growing and in some sections are about how the economics handle inflationary gaps in the economy. The expansionary and contractionary policies to control inflation and effects on unemployment.

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