The idea behind the Phillips curve is that when the unemployment rate is low, wages will decrease also inc when finns faise ways to attract now works tightness in the labor market raises wages but has little impact on all of the above none of the above

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Question 43
The idea behind the Phillips curve is that
when the unemployment rate is low, wages will decrease
to attract now works
WHICH MINs Taist wage
ill also increes
tightness in the labor market raises wages but has little impact on prices
all of the above
none of the above
Transcribed Image Text:Question 43 The idea behind the Phillips curve is that when the unemployment rate is low, wages will decrease to attract now works WHICH MINs Taist wage ill also increes tightness in the labor market raises wages but has little impact on prices all of the above none of the above
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