Multiple Choice
Along the short- run Phillips curve, if the actual unemployment rate falls below the natural unemployment rate, the
A) expected inflation rate will fall to zero.
B) actual inflation rate may be greater than, equal to, or less than the expected inflation rate
C) actual inflation rate will be greater than the expected inflation rate.
D) actual inflation rate will be less than the expected inflation rate.
E) actual inflation rate will be equal to the expected inflation rate.
Correct Answer:

Verified
Correct Answer:
Verified
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