Multiple Choice
At the point where actual inflation is equal to expected inflation
A) the short-run Phillips curve is the same as the long-run Phillips curve.
B) the unemployment rate is zero.
C) the short-run Phillips curve intersects the long-run Phillips curve.
D) there is no short-run Phillips curve,as this situation only occurs in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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