Multiple Choice
Use the table below to answer the following questions.
Table 12.4.1
-Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?
A) 4 percent
B) 5 percent
C) 6 percent
D) 7 percent
E) 8 percent
Correct Answer:

Verified
Correct Answer:
Verified
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