Multiple Choice
Suppose we observe several years of falling inflation rates for an economy. Which of the following would best explain this phenomenon?
A) Unemployment is at the natural rate.
B) The unemployment rate is constant at the natural rate.
C) The unemployment rate is below the natural rate.
D) The unemployment rate is above the natural rate.
E) Aggregate output is increasing.
Correct Answer:
Verified
Correct Answer:
Verified
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