Multiple Choice
For this question,assume that the Phillips curve equation is represented by the following: πt - πt₋₁ = (m + z) - αut.Which of the following will cause a reduction in the natural rate of unemployment?
A) an increase in m
B) an increase in z
C) an increase in α
D) an increase in actual inflation
E) an increase in expected inflation
Correct Answer:

Verified
Correct Answer:
Verified
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