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Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 26

9708Links between macroeconomic problems and their interrelatedness

The table shows data on the unemployment and inflation rates for four countries in 2010 and 2014. Which countries had a typical Phillips curve?

  1. AAustralia and Japan
  2. BAustralia only
  3. CJapan only
  4. DCanada and the United States

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Correct answer: A. Australia and Japan

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