Multiple Choice
In the equation,
Unemployment rate = Natural rate of unemployment - a × (Αctual inflation - Expected inflation) ,
The variable a is a parameter that measures how much
A) actual inflation responds to expected inflation.
B) expected inflation responds to actual inflation.
C) the natural rate of unemployment responds to unexpected inflation.
D) actual unemployment responds to unexpected inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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