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- Alban W. Phillips is the discoverer of the Phillips Curve. What does this curve show?
Question 1:
Alban W. Phillips is the discoverer of the Phillips Curve. What does this curve show?
A. Rising wages favor capital-intensive investments.
B. Inflation is inversely proportional to unemployment.
C. Rising wages favor labor-intensive investments.
D. Property is the real basis for wealth in a capitalistic society.
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