Multiple Choice
The equation,
Unemployment rate = Natural rate of unemployment - a * ctual inflation - Expected inflation) ,
A) Is the equation of the short-run Phillips curve.
B) implies there can be no stable short-run Phillips curve.
C) reflects the reasoning of Friedman and Phelps.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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