Multiple Choice
According to Friedman and Phelps, the unemployment rate is equal to
A) (the natural rate) + (the expected inflation rate) .
B) (the natural rate) - (the expected inflation rate) .
C) (the expected inflation rate) + (the actual inflation rate) .
D) (the natural rate) - (the actual inflation rate - the expected inflation rate) .
Correct Answer:
Verified
Correct Answer:
Verified
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