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Refer to the Above Diagram

Question 5

Multiple Choice

Refer to the above diagram.Point b on short-run Phillips Curve PC<sub>1</sub>represents a rate of: A) inflation below the natural rate. B) inflation above the natural rate. C) unemployment above the natural rate. D) unemployment below the natural rate. Refer to the above diagram.Point b on short-run Phillips Curve PC1represents a rate of:


A) inflation below the natural rate.
B) inflation above the natural rate.
C) unemployment above the natural rate.
D) unemployment below the natural rate.

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