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Given the Augmented Phillips Model: ,Where Y = Actual

Question 8

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Given the augmented Phillips model: Given the augmented Phillips model: ,where y = actual rate of inflation (%) ,x<sub>1</sub> = unemployment rate (%) ,and x<sub>2</sub> = anticipated inflation rate (%) .The explanatory variable(s) in this model is(are) the: A) Unemployment rate B) Actual inflation rate C) Anticipated inflation rate D) Unemployment rate and anticipated inflation rate ,where y = actual rate of inflation (%) ,x1 = unemployment rate (%) ,and x2 = anticipated inflation rate (%) .The explanatory variable(s) in this model is(are) the:


A) Unemployment rate
B) Actual inflation rate
C) Anticipated inflation rate
D) Unemployment rate and anticipated inflation rate

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