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Use the Table Below to Answer the Following Questions

Question 9

Multiple Choice

Use the table below to answer the following questions.
Table 28.4.1
Use the table below to answer the following questions. Table 28.4.1    -Refer to Table 28.4.1. The table gives points on the short-run Phillips curve for the country of Ruritania. If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate? A) 4 percent B) 5 percent C) 6 percent D) 7 percent E) 8 percent
-Refer to Table 28.4.1. The table gives points on the short-run Phillips curve for the country of Ruritania. If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?


A) 4 percent
B) 5 percent
C) 6 percent
D) 7 percent
E) 8 percent

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