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In the Phillips Curve, the Term ________ Reflects ________ aˉ\bar { a }

Question 105

Multiple Choice

In the Phillips curve, the term ________ reflects ________.


A) aˉ\bar { a } ; cost-push inflation
B) vˉY~t\bar { v } \tilde { Y } _ { t } ; cost-push inflation
C) Δπt\Delta \pi _ { t } ; the "true" rate of inflation
D) aˉ\bar { a } ; demand-pull inflation
E) aˉ\bar { a } ; the responsiveness of inflation to cost shocks

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