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    Exam 12: The Business Cycle, Inflation, and Deflation
  5. Question
    -The Figure Above Shows an Economy's Phillips Curves
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-The Figure Above Shows an Economy's Phillips Curves

Question 391

Question 391

Multiple Choice

  -The figure above shows an economy's Phillips curves. Currently, the inflation rate is 6 percent a year. The natural unemployment rate is ________ percent and the expected inflation rate is ________ percent a year. A)  6; 6 B)  6; 10 C)  4; 6 D)  6; 4
-The figure above shows an economy's Phillips curves. Currently, the inflation rate is 6 percent a year. The natural unemployment rate is ________ percent and the expected inflation rate is ________ percent a year.


A) 6; 6
B) 6; 10
C) 4; 6
D) 6; 4

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