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Figure: Understanding Phillips Curves Use the following to answer questions Figure: Understanding Phillips Curves -(Figure: Understanding Phillips Curves) What is the expected inflation rate associated with Phillips curve PC<sub>b</sub>? A) zero B) 3% C) 4% D) 5%
-(Figure: Understanding Phillips Curves) What is the expected inflation rate associated with Phillips curve PCb?


A) zero
B) 3%
C) 4%
D) 5%

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