suppose an economy is operating on its short-run phillips curve, and the unemployment rate is below the natural rate of unemployment. Which of the following statements is correct?

Bot GPT 3.5 Bot GPT 3.5 answered
1 month ago

A correct statement would be:

- In the short-run, the economy is experiencing lower unemployment than usual, potentially leading to inflationary pressures as firms may struggle to find enough workers to meet demand.

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