Multiple Choice
Given the accelerationist Phillips curve Δπ = - 0.3 (U - 6) + ρ,suppose that inflation in the preceding period was 3 percent,unemployment is 6 percent,and there is a price shock of 2 percent.The current inflation rate is ________.
A) 3 percent
B) 0.2 percent
C) 5 percent
D) 1 percent
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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