Multiple Choice
Use the Modern Expectational Phillips curve diagram below to answer the following question(s) .
Figure 15-4
-Refer to Figure 15-4.According to the modern expectational Phillips curve,actual unemployment will generally fall below the natural rate of unemployment if
A) inflation falls to zero.
B) inflation exceeds what was anticipated by decision makers.
C) inflation is less than anticipated by decision makers.
D) people fully anticipate the inflationary side effects of expansionary macroeconomic policies.
Correct Answer:
Verified
Correct Answer:
Verified
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