Which of the following policies can reduce unemployment without causing inflation in the context of the Phillips Curve?
- Increasing worker productivity through education and training.
- Enhancing labor market flexibility by reducing wage rigidities.
- Conducting expansionary monetary policy.
1
Only 1 is correct
2
Only 2 is correct
3
Both 1 and 2 are correct
4
All statements are correct
5
Question Not Attempted