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Exhibit 17-1 Inflation and Unemployment Rates

Question 3

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Exhibit 17-1 Inflation and unemployment rates
Exhibit 17-1 Inflation and unemployment rates In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1.5 percent, the: A) level of inflation is unaffected. B) inflation rate goes from 3 percent to 14 percent. C) inflation rate goes from 3 percent to 8 percent. D) inflation rate goes from 8 percent to 14 percent.
In Exhibit 17-1, when the unemployment rate goes from 9 percent to 1.5 percent, the:


A) level of inflation is unaffected.
B) inflation rate goes from 3 percent to 14 percent.
C) inflation rate goes from 3 percent to 8 percent.
D) inflation rate goes from 8 percent to 14 percent.

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